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Investors' Roundtable / Stock Splits
|Subject: Stock split||Date: 11/18/2005 3:42 PM|
|Author: quadras||Number: 939 of 942|
Here's a real case, what do I do?
On October 25/2005, I held 1,000,000 shares of CYBT.OB, value $0.02 per share for a total value of $20,000.00
The next day my web broker, Interactive Brokers, advised me of a "reverse split".
The result is I now held 2,000 shares of CBCL.OB,value of $0.02 per share for a total value of $40.00.
My understanding of stock splits is that individual share values change but total POSITION values never do.
This situation is so extreme, am I missing something or do I find a lawyer?
Appreciate any "guidance" you can give me.
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