PlatinumHand
2021-06-26

$Torchlight Energy Resources(TRCH)$imagine holding this when it was 11.75 and eventually getting $1 dividends and on top of that get taxed 30% by tiger, it's gonna suck. ?

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Comments

  • PlatinumHand
    2021-06-26
    PlatinumHand
    if you have 100 shares it becomes 50. the price will be doubled current. on Monday it will open at $9+.
    • PlatinumHandReplyFornaxtradin: 
      reverse split. 2:1. so example if you currently own 100 shares of trch on Monday it will be converted to 50 shares.
    • PlatinumHandReplyFornaxtradin: 
      you don't lose anything your value with the shares is still the same. it's only bad if the share price tanks as it means your shares will tank twice as fast as before the split.
    • FornaxtradinReplyPlatinumHand: 
      Isnr that bad?
    • Fornaxtradin: 
      What u mean by 50
  • Jinyyy
    2021-06-26
    Jinyyy
    Hi, if it undergo reverse stock split. Does that mean we have more amount of shares and this might benefit the shorter?
    • elgantine: 
      We would have half the number if shares at Twice the value
  • maddinton
    2021-06-26
    maddinton

    Our shares price will be halved and the cost price times two. E.g. If you bought 100 shares at $8 ($800) before reverse split, it will be 50 shares at $16 ($800) now.

  • maddinton
    2021-06-26
    maddinton

    Continue: Your total cost ($800) does not change but the cost price is higher. So for you to earn, the share price has to be more than $16 now.

  • Agnes1408
    2021-06-26
    Agnes1408
    U r not alone... We are all in the same boat... [开心] [开心] [开心]
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