Replies to post #5054 on Exxe Group Inc (AXXA)

[STOCK_COWBOY]

Depends on the price purchased or the price of the stock when the DIVY Ex date is recorded- not sure which one it will be yet.
For example right now @ current value 1M shares is worth $1100. You would receive 550 preferreds valued @ $2, restricted for a year.

[kgmemmer]

I think it only matters how much you paid for that million shares. If you spent $1,000 on the million shares you you get 500 shares for $2.00 each.

But if you bought that million shares at a higher price say $2,000 you would get 1000 shares worth $2 each.

That's if I'm conceptualizing it correctly.