RE:RE:RE:RE:RE:RE:RE:Lgq reverse splitTrader124 wrote:
your calculation are not accurate. With current lgq price of 0.015. That will equal 0.09375 and not 0.155 0.015x6.25. After that multiply by 12 the price but since your number of shares also decreased by 12 then this doesn't matter.
The new entity will be called Flow Capital, ticker FLOW.
Each 8 cent GRC share today buys 6.25/12 shares of FLOW, so the implied price per share of FLOW is 8 / (6.25/12) =15.36 cents.
Each 1.5 cent LGQ share today buys 1/12 share of FLOW, giving an implied price per share of 1.5 * 12 = 18 cents.
You would expect FLOW shares to begin trading somewhere in the 15-20 cent range. As a GRC shareholder, you "lose money", based on today's GRC trading price, if FLOW shares trade under 15.5 cents. (ie. $1000 today ould buy 12500 GRC shares, which is just over 6500 shares of FLOW. If FLOW opens at 15 cents then those 6500 shares are worth $975.)