Replies to post #7231 on NanoTech Gaming Inc (NTGL)

[PennyWorld]

IL... another way to look at is that HAD YOU PURCHASED 1 single share at $160/share prior to the r/s, today your 1 share value would be worth $1.07

The pps was never really at 160/share, however your loss of equity following the r/s represents a decrease from $160/share down to $1.07/share

Your net worth would have crashed by a similar "percent" amount.

I hope I have that math right. The concept is more important than the accuracy of the math though.

Bottom line.... 99% of the time an R/S will wipe you out in penny land!