Need some clarification Please If someone buys the rights offering, worth $50000.00 of rights
Example : 50000.00 / 0.015= 3 333 333 total shares of rights offering ( before reverse split )
Then comes the reverse split 1000 to 1
3 333 333 / 1000 = 3333 total shares after reverse split
so someone investing 50k on the rights offering will have to wait for the share price to go to 15$ before they get back their iinitial investment back from the rights offering.
Is this caculation correct ?
And does anyone know what the price may be after the reverse split ?