RE:RE:23 billion sharesjames700 wrote:
it is my understanding that any reverse split will reduce shares to 750M or 1250M outstanding. So that's only a 20 or 30 to 1 range....
No.
No.
Currently 23B outstanding shares.
A reverse split of at least 750:1 or at most 1250:1 (so let's just say 1000:1 for sake of ease) will leave 23M outstanding shares.
This is simple math for a fairly simple concept and if it escapes you, perhaps you should pull yourself and what is left of your money out of this trench and buy some shares in a nice dividend paying bank stock. Seriously.
Maybe I should too.
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