Jai Ho, I am not going to argue about is just or not.
A Round-Up clause is somewhat common in Reverse Split situations.
And there are no free shares being given away. Non-shareholders are not participating. If you have to give up something to get something else then it is not free. It is an exchange, pure and simple.
I am sorry you're losing your money here. But your mistake was buying this stock in the first place. I made exactly the same mistake, after believing in Davenport's hype. So join the club.
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