$Faraday Future Intelligent Electric Inc. (FFIE.US)$ R/S ap...
$Faraday Future Intelligent Electric Inc. (FFIE.US)$ R/S approved for up to 40 to 1 , Haven't announced date of execution yet.
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Just a hobby, having fun earning while I'm learning 😏💵💰💵😏
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102690283 : If we were shorting it, we also wanted to post the right news, 20 to 1.
Dutchy11 102690283 : English??
f1ymetotheM00N : I’m new to trading, may I know what would r/s does to the price
Rhiox OP f1ymetotheM00N : A reverse split would bring the price up after reducing the number of shares.
f1ymetotheM00N Rhiox OP : Okay thanks bro
Jopoloo : The source of the message?
NickSaSa : no offical announcement yet...
103226286 : today announcement out
Rhiox OP Jopoloo : they voted on and approved up to 40 to 1 r/s. they may not use the the whole 40 to 1 bit this is the maximum they can go. I suspect they will do the whole 40 to 1
Candy21 : For new players, 40 to 1 reverse split means that your cost per share goes up. It just depends on your buy cost. If you’re in at 0.30, your fine, your cost average would be $12, but if your cost average is $1 your cost average would be $40. So please keep that in mind. Reverse splits are really not good for the investors or traders, it’s only good for the company.
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