So if someone had 1 share worth $0.04 or whatever the price was before the RS, they will get a check for $0.04 instead of a share worth $8 or whatever it was at that time.

Good. I guess their aren't going to be 260,000 round-up shares doled out. Now we know there will be 260,000 shares less dilution. Everyone's shares just got 25%-ish more valuable.

“For those of you waiting to receive your 260,000 round-up shares, here’s some advice, don’t hold your breath.”

Quote:

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Cash in lieu is a payment where a recipient receives money instead of goods, services, or an asset. In investing, cash in lieu is when an investor receives cash instead of fractional shares after a company changes its structure. This can happen after a stock split, merger, acquisition, or creation of a new company.

Here are some things to know about cash in lieu:

How it works
When a company restructures, the newly adjusted stock can result in fractional shares. Instead of holding onto these partial shares, companies may sell them and use the funds to pay investors who didn't receive fractional shares.

What investors receive
Investors who receive cash in lieu may receive a check or a Form 1099-B at the end of the year.

How it affects taxes
A financial advisor can help you create a financial plan for your investment needs and goals

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