Replies to post #33500 on Thresher Industries, Inc. (THRR)

[kidnova]

It was a 1:4000 reverse split which means that for every 4000 shares you held pre-RS you now held 1 share. The stock was trading at .0001 before the split, so in order for the market cap to remain the same it would have needed to maintain a pps of $.40. On the first day after the split it closed at $.15 so investors lost 62.5% of their value before they even received their new shares to try and get out. As soon as the major brokerages received their new shares the stock plummeted to $.04 in less than a month, or 90%. Less than 30 days later it was sub-penny again.

[kidnova]

Here's a good excercise. Go to the following link:

http://www.otcmarkets.com/pink-sheets/marketActivity/splits

And start visiting the ihub boards for all of the companies that show a decrease in the number of shares. You'll see the same results and the same outrage on each of those boards. There may be an exception in there somewhere but I've never seen one.