Quote:
|
Originally Posted by TheVoice
|
Whoa! I don't know. Good question. If a person entitled to the split liquidates their position between now and the 30th, I don't know what would happen.
But it is my opinion from the reading of the filings and the PR that it is the company's position that the $15 reset has already occurred. If the stock is trading at $1.80 or more when you get the shares on or about the 30th (and you sell them), then you have in fact had a $15 reset. If it's a sub-penny, your reset won't be quite that much.
Please check me on this; I'm no expert. This is fairly unconventional.