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Pisd

02/16/17 9:50 AM

#47864 RE: RFB #47862

Bought small position here, speculation, lot going on...

Had a nice run this morning, but then the freaked out/rookie crew woke up and now you have a small lot dump fest underway....They will all wake up and realize...."what the?", "but the share price is 3.30, I should be making bank" only to realize they dont have but half the shares they used to. It is rookie hour on trading SGLB currently taking place. While I have always tried to remain pragmatic here in SGLB land, you all got some winners here. (sarcasm intended) No one is making any money selling at these prices...no one.

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AHayesC

02/16/17 4:13 PM

#47921 RE: RFB #47862

"No one is making any money selling at these prices...no one."

Incorrect! I am making money, buying those shares being sold! ??
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GetRich1day

02/16/17 10:13 PM

#47950 RE: RFB #47862

Many accounts take a day to reflect the 1 for 2 reverse split. Your account value does not change. For example if you had 1000 shares at $3 before the split then after the split you would have 500 shares at $6. The value is still $3000. No one lost value on the reverse split. Please reference this link which explains it.
http://finance.zacks.com/reverse-stock-split-good-bad-2298.html

Sometimes the account value is not reflected until the next day. Please see thus link which explains it.
https://community.tradeking.com/forum/categories/general/topics/10721-slow-update-of-stock-splits/forum_posts

In response to your and I quote

They will all wake up and realize...."what the?", "but the share price is 3.30, I should be making bank" only to realize they dont have but half the shares they used to



Hope that helps explain it to you. No need to panic. GLTU.