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Cstan98 Mon News
$GE Aerospace (GE.US)$
There is a 8-to-1 reverse stock split in Aug 2. A google search. The price by right will become 13.00USD x 8. The shares by right from 8 become 1.
My question is: I own 3Shares free GE from Moomoo. Intend to HODL (hold for dear life). How do you basically own 3/8Shares GE. Become 1 or become 0?
Anyone can enlighten us? I am a stupid idiot BBA Monk.
There is a 8-to-1 reverse stock split in Aug 2. A google search. The price by right will become 13.00USD x 8. The shares by right from 8 become 1.
My question is: I own 3Shares free GE from Moomoo. Intend to HODL (hold for dear life). How do you basically own 3/8Shares GE. Become 1 or become 0?
Anyone can enlighten us? I am a stupid idiot BBA Monk.
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Small fry monk investor. New in investing & trading. See myself going Trillionaire. Eternal life & nothing better to do.
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RickPANDA OP : Correction. Some called it 1-for-8. I called it 8-to-1. Stock split. Stock repurchase is easy concept. But reverse stock split??!
RickPANDA OP : Cstan98 Review. After walking in circles. (Yes. Zen Monk walks around in circles to think over an issue.) I think most likely I will be refunded 3/8 shares prices of 13.00USD x8. Keep so sad. I thought I can own parts of (shares) Edison (GE light bulb invention) legacy.
RickPANDA OP : Cstan98 Review. Just like HODL Nokia shares. You are owning a part of Nokia legacy. I hope everyone remember Nokia smartphone snake game. It all starts with Nokia. Nokia >> Blackberry >> iPhone >> Samsung >> Huawei. And others phones toys like Google & Windows.
RickPANDA OP : $Nokia Oyj (NOK.US)$
Crystalll :
Crystalll :
Ricky138 : Basically if you do own 8 GE shares by 2 Aug, MooMoo will sell off your shares at the current market price. However, if you purchase 5 more shares making you own 8 shares. After 2 Aug, your shareholding will become 1 but at a price of at least $100.
RickPANDA OP Ricky138 : Cstan98 Review. Thanks Ricky. Then I will HODL until moomoo sell off my 3Shares GE automatically at 2Aug.
Ricky138 : only problem is that we do not know the price that they are selling at. So if from now to then, there is a good price, we should sell rather than wait
RickPANDA OP Ricky138 : Cstan98 Review. Thanks Ricky. It is our PANDA doctrines to HODL until the inevitable. Even HODL-ing one more 1Mins.
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