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Re: Christian3886 post# 67

Wednesday, 10/30/2013 11:41:27 AM

Wednesday, October 30, 2013 11:41:27 AM

Post# of 3555
By my estimates, after the 300 - 1 split, you will have 96 shares left after the reverse split. With any reputable Company the share price should jump to reflect the same value within the Company. In your case you would need your 5 cent shares to go to $15 to retain your value. Not a hope in hell on the Pinks.

I had one a couple of years ago did the same thing, paid $2.5K and within 2 weeks it did a 50 - 1 reverse and when it opened after split it dropped like a stone, I ended up with $70.

With these crooks don't be surprised if within a year of the reverse split, which will screw current holders, they then apply for a forward split that allows them to print millions more shares to carry out the scam all over again.