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http://boards.fool.com/stock-split-23320135.aspx
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| Subject: Stock split | Date: 11/18/2005 3:42 PM | |
| Author: quadras | Number: 939 of 942 | |
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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. Regards. |
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