Legaltips I understand the ins and out of having less shares etc. but the original statement was that you stated sub pennys that do R/S seldom if ever have huge runs and I disagreed with that in effect stocks having R/S run all the time.Also SNDY hasnt stated at all recently that they are planning a R/S so I- like you am in this because of the potential I beleive this company has.They will show in the coming weeks huge potential IMO.GLTY AND ALL THAT ARE IN SNDY LOOOOONG!
That's not how a reverse split works. Per your example
1000000sh X .10 = 100,000 dollars
R/S 1:10
100000sh X 1.00 = 100,000 dollars
The value of the stock actually goes up in relation to the split amount so the overall value remains the same.
The reason value goes down after a R/S is because a great deal of times after a R/S happens dumping occurs, as it is perceived veryh negatively by many investors. It will only maintain it's value if the perceived value of the stock in question is where it is trading.
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