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shotsky

11/10/20 4:41 PM

#180454 RE: Bren4Realtor #180443

Anyone that thinks they won't lose money through an RS simply hasn't been through one. I have, several times, and inevitably, anyone that holds through it loses money. It is not a good thing, it is a very, very bad thing that only happens when companies are in debt and can't borrow more money because there aren't enough shares left in the treasury to cover a loan. The only recourse is to increase the AS or do an RS.
But you can make money by selling first, then waiting through it, then buying back in at a discount...
They will add a 'd' to the ticker at split - VRUSD - which will last 30 days. All stock will be returned to the TA and all new shares will be issued to shareholders (in this case, anyone with over 500 shares.) They don't recognize fractional shares. After the 30 days, all VRUSD shares will be renamed VRUS.