$Camber Energy (CEI.US)$ so on dec. 21 the share price will...
$Camber Energy(CEI.US$ so on dec. 21 the share price will go up x50? jw bc it seems to good to be true. ive been here awhile.
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GosuBallerdin : you will lose 98 shares for every 100 shares owned. it will 50x the price where ever it closes tomorrow. then they can short it down from it's new opening price and you'll have way less shares than you did before. Reverse splits are a way to maintain compliance and reduce free float. it will cause shorts to do certain things with their positions but it's unlikely they will close, more likely they are closing now and will reopen after the r/s. play carefully. most of us got in at 6-9 cents. we're all up and holding till Tuesday
Birddog : Reverse means divide by 50
starr67 : reverse split is when they combine many shares as one share. in cei case they will combine 50 shares as one share.
Aladdin Map : Fate like Xela
Aladdin Map : Lose number of shares n shorted to price as before
ZenmoonOP : I’m trying to figure out how much money I could potentially make and what my exit strategy should be. My average is .20.
standalee31 ZenmoonOP: you won't make any, cuz you're in the red
ZenmoonOP : Okay got ya
starr67 ZenmoonOP: if your position right now is $0.20 × 50 (shares) = $10. So 10$ will be your new position after reverse split. for the total shares u have right now divide it by 50, that will tell you how many shares you have after reverse split.
ZenmoonOP : Okay got ya
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