InvestorsHub Logo

quicksilver545

01/06/18 1:35 AM

#5086 RE: Bradley108 #5085

It means that your 52K shares will be consolidated on a 1000:1 basis, meaning you will 52 post-consolidation shares.

However, the FINRA post states that each shareholder will receive a minimum of 100 post-consolidation shares, so your 52 shares will be bumped to 100.

Essentially, any shareholder who had between 1 and 100K pre-consolidation shares, will all receive the same thing: 100 post-consolidation shares.

After 100K, those shares will be consolidated and fractionally rounded up to the next whole post-consolidation share.