GREY:CLLZF - Post by User
Post by
leveraged1on Mar 05, 2015 9:46am
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Post# 23492586
Pleasehelp me understand....
Pleasehelp me understand....Somone buys 800 shares at 4 cents today - total cost of $32 . After recapitalization those shares are consolidated 800 times so he know owns 1 "new" share of CLL. To be in the same dollar postion after recapitalization that one "new" shares will have to trade at $32. How infintesimally small is that possibility ? The real question is- why would anyone pay 4 cents a share today ? Other than to sell or bring fractional shares up to the 800 share minimum, I can not see it.....does anyone else ?