Replies to post #35377 on Great Basin Scientific Inc. (fka GBSNQ)

[BillionaireBoy]

You would now have 60 shares if you had 120,000 pre Reverse Split!

[Euripides90]

You have 1/2000th of whatever shares you had before today's open; see the chart. In your case BillionaireBoy's correct, you have 60 shares.

Note their history of R/S so no wonder everyone who got hold of their shares fastest sold right away, wish I could be more hopeful about tomorrow, there may be some bounce or as more people get their shares, the sell-off can continue, until it finds a new low, who knows where...

Today's low was $2.48 which seemed to be support, but who knows tomorrow. WHEN it hits the low finally, the shorts should have to cover so there might be a bounce, amateurs are like mice being played with by cats in these situations.

This is why everyone in retail hates R/S's, they rarely work out as in theory, where you end up with the same dollar amount, because of the dynamics.

Too bad you bought relatively high knowing an R/S was imminent --
I couldn't understand the price spurt frankly.
Guess you won't do it again.

Scottrade among others allowed buying today.
Call your broker, ask when your shares will be released by the T/A.


Security Notes

Capital Change=shs decreased by 1 for 60 split Ex-date=12/14/2015.
Capital Change=shs decreased by 1 for 35 split Ex-date=03/31/2016.
Note = Delisted from Nasdaq on 10-11-2016
Capital Change=shs decreased by 1 for 80 split Ex-date=09/16/2016.
Capital Change=shs decreased by 1 for 300 split Pay date=12/28/2016.
Capital Change=shs decreased by 1 for 2000 split. Pay date=04/10/2017.

[BigMoneyAtl]

After 20 trading days, the "d" will come off and the stock will reflect the value at the time. In the mean time, you'll be charged $20 for admin fee.