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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Sawdusty who wrote (15145)12/7/1998 9:30:00 PM
From: Cytotekk  Read Replies (1) | Respond to of 34075
 
Hello Dan - what I have read of reverse splits echos your comments.

The stock reverse splits and the share price drifts down to the price it was before the split.

Weird but true, as far as I can tell from SI testimonials.

So, my 100,000 shares @.15 are worth $15,000. After the split, the numbers become 10,000 shares @ $1.50 worth $15,000.; for about 15 minutes or so.

The shares price then drifts (or slams) down to the previous .15 and now my shares are worth $1,500, one tenth of what they were worth before the split.

Let us all hope that GE can survive the dilution they have allowed without a 10 to 1 reverse split.

Regards and thank you for your reply, Colleen in Orlando.