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To: blindmonkey who wrote (479)1/27/2012 9:32:55 AM
From: D. K. G.  Read Replies (2) | Respond to of 484
 
Hi blindmonkey,

The cost basis for the 1,999 shares in late Oct. was $205.85.
After the reverse split and cash out of fractional shares I got $329.48.
329.48 - 205.85 = 123.63/ 205.85 = .60 = 60%

You'll never get rich in these deals but the risk reward is favorable with a good return.

Glad you made some $$$ in ELAN.OB.
ELAN.OB put out a PR about the reverse split last fall but there was no SEC filling until Jan.
Which is odd, in most situations I've seen, the filling is the day of the PR.
I like to see the filling before I take a position, so I missed ELAN.OB's move. I'll keep an eye on it.