Replies to post #9002 on American Cannabis Company Inc (AMMJ)

[youngmanrunning]

Ok so I did read that right

[RDG013]

If I understand this, ACC will be R/M's into BIMI, but the ACC name will remain. I do not believe are shares are being split. It appears the split info in the filing is for ACC shares being exchanged for BIMI. If correct, that would just mean extra O/S, but not an additional R/S.

That being said, it may be a little late in the game for the Pot Stock move. That sector seems to have run its course for now. I guess it could heat up again?

[keyscruiser]

I can't figure out if that's a R/S or a foreward split..??? They just did 1:8484 now another R/S...??? Maybe they're going to the big boards..??

Definition of 'Reverse Stock Split'
A corporate action in which a company reduces the total number of its outstanding shares. A reverse stock split involves the company dividing its current shares by a number such as 5 or 10, which would be called a 1-for-5 or 1-for-10 split, respectively. A reverse stock split is the opposite of a conventional (forward) stock split, which increases the number of shares outstanding. Similar to a forward stock split, the reverse split does not add any real value to the company. But since the motivation for a reverse split is very different from that for a forward split, the stock’s price moves after a reverse and forward split may be quite divergent. A reverse stock split is also known as a stock consolidation or share rollback.