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Bullboard - Stock Discussion Forum Invictus MD Strategies Corp IVITF

Invictus MD Strategies Corp is a cannabis company with a focus on the Canadian cannabis space, offering a selection of products under a wide range of cannabinoid profiles that fit the demand of the company's medical clients and retail customers. Its wholly-owned subsidiary's Phase I and Phase II facilities are in full production. The company's 50% owned subsidiary has completed its Phase II... see more

GREY:IVITF - Post Discussion

Invictus MD Strategies Corp > Wait For The Split
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Post by bonjovi501 on Jan 17, 2019 4:20pm

Wait For The Split

as usually the share price will fall and that is why they are doing a 7 for 1 as it gives them so leeway. You will pick up shares in the $5 range before this settles out.
Comment by Tigerwoods3672 on Jan 17, 2019 4:30pm
So say you have 10 000 shares @ $1.10 = $11 000 It splits 7 for 1 so you have 1428 shares now. Shares are then $5 so you are left with $7142 How is this good? With how this company's stock price has done compared to the rest of the MJ industry cant see this recovering anytime soon. GENE simmons has tainted this company.
Comment by chris579457 on Jan 17, 2019 5:48pm
In my opinion on the transaction day or the last day of the traiding before the split of the stock 7 to 1 , the price of the stock is multiplyed by 7   So say you have 10 000 shares  It splits 7 for 1 so you have 1428 shares now. but the price of the share wil go up 7 times ? 10000 shares  if the last day of traiding  was at 1.20 then the next day you have 1.20 x 7 x ...more  
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