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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Luminous who wrote (4695)	1/19/1999 8:07:00 AM
From: TraderGreg	Respond to of 9824

For listed stocks that do a forward split, options adjust accordingly. So, on a 2 for 1 FORWARD split, you have twice as many options at half the strike price. I would think it would/should work the same way with a reverse split. In that case, debentures with an option to convert 16mm shares at $3 per share, would/should convert to 1.6 mm shares at $30 per share for a 1 for 10 reverse, 160,000 shares at $300 per shares for a 1 for 100 reverse. However, without looking at the specific terms of of the agreement, it is not certain what would happen. TG