Does anyone know how the new price will be calculated for Wed? Will it be the closing price Tues 4pm ÷ 4 or some sort of rolling average price ÷ 4?
The 'new' price will be what the market bids.
But, as an indicator, you could start with the close ÷ 4 - like you just start with the close price now (the new close becomes 1/4 of the old close).
The market will work from there as they do.
When it goes back up to $8, the market cap will only be about $8 billion. Cheap as chips
(I still hold some but sold most when the insiders started selling; think it's probably overvalued at current prices, but am holding some just in case in keeps growing!)
I dont get the point of a share split. Do they really believe they are out of reach of most investors at $7-$10 per share? surely not. And exactly to your point, it gets back to $7-$10 some point in the future, then what, another share split?
If they hadn't done the first split a few years ago, the SP would have got to nearly $40 recently, which would have some liquidity and price perception implications
Originally Posted by Ogg
Reply With Quote
Bookmarks