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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Nov 28 9:30 AM EST

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To: lookin forward who wrote (28276)3/10/1999 9:31:00 AM
From: faqsnlojiks   Read Replies (1) of 43774
 
I know there hasn't been one but are they thinking about it. And anyway if you don't
mind how does that r/s thing work anyway. Say a man had 10,000 shares of co. x
at 1.00 and a 5 to 1 reverse happened where would that investor be? Hate to
sound stupid but I am rather new at this. Thanks


The company CEO has repeated many times that there are currently no plans for a reverse-split.

As for your hypothetical...if you had 10k shares at 1 per share and a 5-1 reverse occurred, then that person would have 2k shares at 5 per share (post-split).

(10,000/5 = 2,000)
(1.00 * 5 = 5.00)
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