WHAT REVERSE SPLIT
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Embark Technology (NASDAQ:EMBK) said a 1-for-20 reverse stock split became effective after market close on Tuesday.
EMBK's class A shares will start trading on a split-adjusted basis when the market opens on Wednesday (Aug. 17).
Based on EMBK's last close, the implied post-split share price is ~$16.56.
EMBK's class A shares will start trading on a split-adjusted basis when the market opens on Wednesday (Aug. 17).
Based on EMBK's last close, the implied post-split share price is ~$16.56.
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bambinoPR : what do you think about that?? All the reverse split that I have been seeing in here the majority drop the stock big time.
Dons hobby bambinoPR : WTF
YYVE OP bambinoPR : Why they informed that after market close
YYVE OP Dons hobby : Should we sell now ? WTF really. Is it legal not to give us a heads up ?
Mike Hunt bambinoPR : Usually that is correct. I was surprised by $Root Inc (ROOT.US)$ yesterday that was an exception. It closed at 0.95 day before 18-1 reverse split and closed yesterday over 19 in the green
YYVE OP Mike Hunt : What should we do ?
YYVE OP Dons hobby : Should we sell ? @SpyderCallany advise ?
bambinoPR YYVE OP : I don't know if it is legal, I am out...I don't want to be part of this shit
Mike Hunt YYVE OP : It might be pulling a move like root. But I think it will have a dip tomorrow and then recover.
YYVE OP Mike Hunt : From short we become long
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