Example: 7500 SAEE shares would be reverse split by the one for 150 ratio to 50 SAEED shares. If the share price before the split was (example) .0073 it is multiplied by the same ratio of 150 to equal $1.07.
Theoretically your 50 reverse split shares should be worth the same dollar value as your 7500 shares were worth before the reverse split.
However, since reverse splits of penny stocks are viewed as negative by penny stock investors the post-reverse split value of the reverse split shares is most often less than the value of the pre-reverse split shares.
The Filing:
7 Star Entertainment Inc. changed to SpectralCast Inc., and a one for 150 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=01/14/2014&mkt_ctg=NON-OTCBB
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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