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ABBAZABBA

03/29/17 7:16 PM

#29309 RE: Setanta #29308

No reduction in value.

If you bought 400K at a cost of .03, once the RS is completed you would have 100K of shares at a cost of .12, thus not changing the value. The company's PPS at that time would also be multiplied by 4 as well.

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shotsky

03/29/17 7:18 PM

#29310 RE: Setanta #29308

The reverse split that was approved is UP TO 1 for 4. To learn what such terms mean, you should use Google.
A reverse split reduces the outstanding shares by the split ratio, and increases the share price by the same ratio. There is no difference in value in your portfolio. It is not for your benefit, it is for the company's requirement to have more unsold shares, in this case.