written by reader What is with Feronia?

By apl16, June 25, 2014

I checked my portfolio this morning and Feronia seemed to have disappeared. I have a very small amount but am a bit curious. Any news?

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Travis Johnson, Stock Gumshoe
June 25, 2014 10:07 pm

Ahh, good old Feronia — I keep this in my portfolio as a cautionary tale, a reminder not to put too much faith in a company’s potentially developable assets if the actual operations stink. They had a 10:1 share consolidation this week, so that may have evaporated some holdings to the point that they were sold off for a few dollars in lieu of fractional shares.

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