TradeRush
TradeRush Jul 13, 17 10:36 AM

So, yes the entry price gets adjusted but so does the number of shares you own

JL65
JL65 Jul 13, 17 10:40 AM

Gonna have to research that. Have a profit fo 1.80 then or your buy was just inflated.

TradeRush
TradeRush Jul 13, 17 10:45 AM

My explanation was probably not clear enough then lol. No, you would not profit or lose. Things will remain the same. If you buy 1000 shares at $0.2 (then you own $200 worth of stock). After the 1:10 reverse split, the price of the stock will go up to $2. However, the number of shares you own will automatically be reduced to 100. So now you have 100 shares at $2 (which is also worth $200)

JL65
JL65 Jul 13, 17 10:55 AM

After your explanation I Figured that is the way it worked, Just making sure! Thanks for you input!

Join now or log in to leave a comment
TradeRush

[TimAlerts] "The total contract value is approximately $516K, and product will be delivered throughout the year" $ASTI

TradeRush

[TimAlerts] Oh okay. It seems that it has spiked nicely in the past due to good earnings (or at least a good reaction to earnings). So, I don't know $SSH reacts to this catalyst.

TradeRush

[TimAlerts] $GALE It's pretty strange that it has traded with so much volume today (even after the spike) but it was not able to spike..

HammsKC

[TimAlerts] I know theres a few ppl pumping MJPI, I have been getting emails from stackbids

Page
of 7