Post by
Maztol on May 27, 2021 12:53pm
Did I lose or my money or am I missing something
So I had more than 15000 shares with GLH on my questrade. Yesterday my balance was reflecting the market closing $1.45 times 15000 shares so $21750. Today new Chalice ticker is on and shares converted to the 1 for 23 ratio. But my balance has only $900 on it. Am I missing something. I was holding GLH for more than 5 years at 0.40. Did u lose my money???
Comment by
NachoMan on May 27, 2021 1:01pm
Yes, you did. The reverse split is a legalized scum. Welcome aboard...
Comment by
MoneeMakr on May 27, 2021 1:05pm
The reverse split made everyones account look like they had old number of shares, with new price. Until the brokerages corrected. So, in your case, 15000 x 1.45. It was a reverse split. If you owned 15000 shares @ 0.06 you now only own 652 at 1.45 or $947 like you did last friday.
Comment by
Oasisjunior on May 27, 2021 1:09pm
Bend over little buddy,,, Reversals are never good for share holders,,,, my account has lost 26% due to the conversion.......
Comment by
RickyBobby412 on May 27, 2021 2:43pm
Your statement makes no sense. How the F do you lose 26% in conversion? The value of your shares are the same post consolidation. And FYI my shares are worth more now today then compared to pre consolidation.
Comment by
daveinvestor on May 27, 2021 3:07pm
It's hilarious how hard the guy with multiple accounts tries. Yes exactly no one lost on the deal except the shorter from Tues. No one lost 26% in the conversion, absolute lie. I wonder if our village idiot is making a re-appearance?
Comment by
MoneeMakr on May 27, 2021 3:27pm
Lol yeah what an idiot. Nothing he said makes sense.
Comment by
gianfranco1 on May 27, 2021 6:16pm
These shorts are trying everthing to get you to sell.
Comment by
NachoMan on May 27, 2021 3:00pm
Yep, easy peasy, say me and buddy decide to print some money fast, we give ourselves a few million shares at "company prices" (like 0.001) then do a reverse split and presto chango: we got millions of dollars coming in while people who bought at 0.50 while back, are left now holding the bag...just priceless
Comment by
Bestbuybully on May 27, 2021 6:03pm
They used the money to buy another company with 5 retail operating facilities that are already making money. Are you STUPID?! Or just not paying attention???