(Total Views: 408)
Posted On: 12/20/2024 2:27:39 PM
Post# of 32991
The single share shenanigans continue today. About 1200 transactions so far many of them a single share. Yesterday there were over 3000 transactions but the day is still young.
Was thinking, if some of the 40K beneficial owners had one share left, they could be selling, but what's the odds they all got the same idea, on the same day, all at once? Zero? Plus they should have got a cash payout and not a share anyway, but I never looked at my accounts to see if I got some change laying around.
Was thinking, if some of the 40K beneficial owners had one share left, they could be selling, but what's the odds they all got the same idea, on the same day, all at once? Zero? Plus they should have got a cash payout and not a share anyway, but I never looked at my accounts to see if I got some change laying around.
Quote:
Prior to the foregoing announcement, the Company estimates that there were approximately 40,000 beneficial owners of the Company’s stock. Assuming every single shareholder was entitled to a round-up share, which is highly unlikely, that would mean the Company would issue 40,000 shares to address any stockholders left with a fractional share following the reverse split.
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