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Author Topic: Reverse splits
omaha116
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My question is this:
When a company does a reverse split (let's say 1/1000) does the O/S or A/S reverse split as well? Or both? I always hear folks talking about certain stocks and how after the R/S the float will be lower and blah, blah, blah. I'm sure I've seen stocks R/S and the share count remain the same? Didn't CTTJ go to CYPW, do a 1/10,000 R/S and then announce they were reducing the A/S by 300 million? Just wondering if it is mandated by law or just assumed. Thanks.

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There are those for whom such life makes all other existence seem tame!

Posts: 52 | From: Alabama | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
glassman
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each R/S is different...

you need to look up the filings from the shareholders "meeting".. in RS co's there usually isn't a real meeting, but thats what they call it...

the filing usually has a 14 in the number

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Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
beechwood
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R/S are bad news no matter how you slice it.
After the split people bail out and the price
drops like a brick.
And with fewer shares in your pocket as well.
So, you have fewer shares worth less money.
Get the picture?
Any stock can pull a R/S but it's usually
the micro-caps that are notorious for same.
Some micros R/S every coupla months.
Others R/S every year or two.
To get a good a broader picture go to IHUB's
R/S repeat offender list.
Their site gives you a good idea of which
stocks R/S most often and when.
I avoid repeat offenders like the plague.
So should you.

Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
   

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