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Reverse Split 1-for-20
$Autonomix Medical (AMIX.US)$ The price shoots up due to 1:20 reverse split, right?
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Lnova : cause of this Positive Preliminary Results
Jaguar8 : It’s because of post RS last Friday plus one good PR today
Lnova : the r/s made the free float smaller also
StockRoller OP : I’m confused with RS. Price closed last Fri at $7.71. Let’s say I had 20 shares and there was no news. I would see 1 share of $154.2 today?
Why the price is the $14.xx? Does the mean RS has not occurred yet?
CasualLee StockRoller OP : R/S is technically a combination, not a 'split'. It is as though you gave someone twenty one-dollar bills and got ONE twenty-dollar bill for it. It is still worth twenty dollars. Your chart probably auto-adjusts the candles to reflect the current price, to make the VALUE easier to track. Then the news changes the price...
Jaguar8 StockRoller OP : No. The price didn’t close at 7.71. That was already the adjusted price . It automatically adjusts on the chart but the price was definitely below 1