Post by
Dcoyote on Dec 04, 2018 1:33pm
reverse split
I just came across news of FIRE doing a reverse split. Can't beleive I just found out about it. Does any one know when this is suppose to happen????
Comment by
maritimedreamer on Dec 04, 2018 1:35pm
the vote ends tomorrow..... i suspect we will hear about the outcome on the 10th during their AGM. There is no specified time frame when they are looking to do so.... but yes.... many of us are shocked and head scratching
Comment by
Dcoyote on Dec 04, 2018 1:47pm
Thanks I didn't know if it was old news from 2014 July. I will have to keep a close watch.
Comment by
bizee57 on Dec 04, 2018 1:57pm
What could a reverse split mean?
Comment by
jpm59 on Dec 04, 2018 2:05pm
just means , if you have 30k shares & the SP is $1.50 ($45k invested)and they do a 3:1 reverse split, then you'd have 10k shares and the SP would be $4.50 ( still $45k invested). The company would have less outstnding shares, consolidated. They already did one way back 2014/15? and have grown very well.