Sandstorm reverse stock split.

By i963208, April 5, 2012

What does this mean for us share holders. I have 22,000 shares. How many will I have after the split. I bought that many in hopes of the stock going up and every time it goes up by one, I make 22,000. Will I make the same about of money. I have another 40,000 to put in but I may wait to see what happens. What do you think

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This is a 1:5 reverse split (i.e., “consolidation”). If you have 500 present shares you will wind up with 100 new shares. Usually a reverse split follows a falling stock price and so it is a bad sign–of a falling stock price that will probably keep falling. This situation is different. The price has not been falling. A higher stock price would allow institutional investors to buy in. Many are limited by internal regulations that forbid them from buying stocks below a particular price, typically $5 per share. We individual investors very much want other investors to buy in, especially… Read more »
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