Replies to post #3568 on Victory Oilfield Tech, Inc. (VYEY)

[craneholio]

I am thinking that it did, i thought I had read a few weeks back that it was going to happen. My shares now say N/A too! I hope it doesn't tank like you say........grrrrrrrrrr

[Dubb10]

Yes, the 50 for 1 reverse split has commenced. The "D" attached at the end of the ticker symbol indicates it as well as the new share price. The "D" will remain there for 20 trading days. During this time, investors(via their broker) will receive their "new" shares of the company. It could have been Friday, it might be 19 trading days from now. You'll have to keep checking up on it. Right now, you can't sell your shares until you get the "new" shares. Your broker may let you, if you call into them and ask. That may be risky though as they will explain. I've heard that the company will be restricted from diluting the stock at this time. I haven't found the documentation to support that yet. Once you get your "new" shares, you can always put a stop order up to reduce any further loss if you wish to do so. The current price makes it easier to reduce the percentage of loss on a stock. It's your money and you should always have some type of protection or exit plan. You can just let it ride and see what happens. Just remember the saying about Bulls, Bears, and Hogs...