Golden Valley Mines Ltd GLVMF

Percentage Ownership

[argaiv]

If there are 100 million shares and you own 15 million shares you own 15% of the company.

If there is a 10 for 1 inverse split then you own 1.5 million shares and there are 10 million shares outstanding.

You own the same percentage of the company after the inverse split.

[PeterHH]

God help me if investors need to be explained this.  

[Eudaimonia]

Sprott never owned 15% of the company to begin with, only 1.5% as previously mentioned.  The same thing happened to me where my broker did not have my account updated and it appeared like I owned the same amount of shares after the reverse split.  It was amazing because I had the same number of shares and the price was 10 times higher.  Of course, my shares were a few days updated.

[Stockwatcher123]

Thank you! Didn't feel like type that message myself since I know someone would explain it. :D