Replies to post #419 on Kaixin Holdings (KXIN)

[hondaboost]

KXIN, is just a small car dealer. “ Kaixin Auto Holdings is China's leading new auto retail platform for luxury used cars and imported new cars.”

https://ir.kaixin.com/corporate/company-profile

[boston127]

Reverse stock split vs forward stock split

A 1-for-50 stock split is a reverse stock split that means for every 50 shares a company owns, it combines them into one new share.

A 50-for-1 stock split is a forward stock split that means a company issues 50 shares for every one share an investor already owns, which lowers the share price to one-fiftieth of its previous value.

Both you and the company got it wrong. "Chipotle Mexican Grill's (NYSE: CMG) 50-for-1 forward stock split was one of the largest in the history of the New York Stock Exchange." Look it up!!!