Replies to post #67582 on Bancorp International Group Inc (fka BCIT)

[latestart]

you and your R/S...lol

[janice shell]

No, all of the stock is gone. This is done all the time.

[matrix]

A company can r/s validly issued stock. They cannot do it on fake stock. They can however replace the fake w/ real first then do the r/s.

When a r/s occurs, the stock is assigned a new CUSIP. The old cert then represents the right to exchange for a new cert w/ the share amount split adjusted. If your holdings went to zero, the TA won't issue a new cert.