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Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,605
59,510
Fucking Canada acting like they are Florida with this Rona shit.

Get vaxed so you fuckers can buy more weed!
 
gangsterkathryn

gangsterkathryn

저승사자
Oct 20, 2015
17,318
20,537
Help!
I have some shares in ASRT, which apparently did a 4:1 reverse split… what does that mean?
My TD account is fucked now because they charged a mandatory reorganization fee. Aren’t they supposed to tell me about that beforehand?

hella confused.
 
ThatOneDude

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,114
gangsterkathryn said:
Help!
I have some shares in ASRT, which apparently did a 4:1 reverse split… what does that mean?
My TD account is fucked now because they charged a mandatory reorganization fee. Aren’t they supposed to tell me about that beforehand?

hella confused.
Click to expand...
It means they fucked you and you now have 25% of the shares you originally had.

TD's support is very good in my experience. You should reach out to them and ask.
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,605
59,510
gangsterkathryn said:
Help!
I have some shares in ASRT, which apparently did a 4:1 reverse split… what does that mean?
My TD account is fucked now because they charged a mandatory reorganization fee. Aren’t they supposed to tell me about that beforehand?

hella confused.
Click to expand...
Reverse split is a way for a company to inflate their per share price, generally to avoid getting delisted.

If 1 share is worth $0.25 and you have 20 shares, your all-in value is $5

After a 4:1 reverse split, you now have 5 shares (20/4) valued at $1 per share, for a total value of $5.

Your total value doesn't change.

Reorganization fees aren't uncommon. If you complain enough they might wave it. It will help if the fee is a heavy percentage chunk of your total value. Like if you have $70 worth of stock and they just charged you $38 to file the reverse split.

FYI - A reverse split usually isn't a good sign of things to come.
 
gangsterkathryn

gangsterkathryn

저승사자
Oct 20, 2015
17,318
20,537
Hauler said:
Reverse split is a way for a company to inflate their per share price, generally to avoid getting delisted.

If 1 share is worth $0.25 and you have 20 shares, your all-in value is $5

After a 4:1 reverse split, you now have 5 shares (20/4) valued at $1 per share, for a total value of $5.

Your total value doesn't change.

Reorganization fees aren't uncommon. If you complain enough they might wave it. It will help if the fee is a heavy percentage chunk of your total value. Like if you have $70 worth of stock and they just charged you $38 to file the reverse split.

FYI - A reverse split usually isn't a good sign of things to come.
Click to expand...
It fucked me, pretty much lol
And not in a good way ?
A712F3F5-1D57-4EF0-9308-D119655D6A2A.png
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,605
59,510
gangsterkathryn said:
You were too fast lol

I will. Just fuck man. I really thought they had to tell shareholders beforehand.
Click to expand...
I'm sure they have a notice in the fine print somewhere.

And the company likely discussed it in news releases and vote notifications.

But it's not uncommon to get surprised by a reverse split. Sucks.
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,605
59,510
AMC up 13% to $13.63
I'm ready for a moonshot. Reddit Nerds - Do your thang!
 
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