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gitreal

01/07/17 8:45 PM

#23746 RE: ssab #23745

Here's a good example of what happens after a RS for a mining company, that popped into my mind:

Security Notes

•Capital Change=shs decreased by 1 for 10 split Pay date=08/16/2010.
•Capital Change=shs decreased by 1 for 1300 split Pay date=07/22/2015.
•Capital Change=shs decreased by 1 for 2000 split. Pay date=03/01/2016.



The stock from this example currently trades (barely) at 0.0028. Doing the math, anybody owning a share before the last two RS has lost 99.9999999% of their investment. Is that close enough of a wipeout for you?

BMIX will do the same.

Full Contact Yoga

01/08/17 5:57 PM

#23757 RE: ssab #23745

Look at all past RS, readily available, 95% or more are buried, but, here are a few...ELAY, MINE, VOIS, HCTI, BRND, HJOE, DROP, everyone that held through one RS cannot recover their holding without paying out of pocket to cover commissions. Fortunately, many retail brokers blocked them from buying more, much like here actually. However, many holders here have the same problem before the RS has occurred, so, can truly only get worse. Again, fortunately, many retail brokers aren't allowing buys, so that helps a bit.