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Micro Penny Stocks, Penny Stocks $0.10 & Under
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Raven Moon Entertainment, Inc. - GINA D ROCKS
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[QUOTE]Originally posted by Bottomliner: [QB] [QUOTE]Originally posted by Stinky: [qb] So, If someone had 10,000,000 shares of RVMN at .0001 for $1,000 before today..... It becomes 133,333 shares of RVMO at .0001 worth $13.33 this morning? Does it just automaticly update in your portfolio? Who owns this? Can all they do is just sit there and take it? [/qb][/QUOTE]Stinky If someone had 10 million shares pre-split when the price was .0001, their shares were worth $1,000. Now they have 133,333 shares and the price right now is .0016, so their shares are now worth about $213. If the price rises back to .0075 or above, your new shares will be worth $1,000+ again. The question is ... will the price recover to that point. By the way, I have no idea why this stock did a 5-1 "forward split" ... followed shortly after by a 1-75 "reverse split". But I would be very wary of a company that does such things. I don't own any shares and have no opinion about this company's future. Hope this helps. :) [/QB][/QUOTE]
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