$Seelos Therapeutics (SEEL.US)$ I have to say how disappoint...
$Seelos Therapeutics (SEEL.US)$ I have to say how disappointed I am am in the way seelos has handled this.
I had 968 shares in this, and on the change over, they gave me 60 at a buy-in price of 7.128 per share. I would like to know where the other 908 shares are I had. Not only that, the opening market on the seelos today was 3.8 dollars, so a straight out loss from the start. To add to this, all where did they get the 52-week height from at 848.64 dollars as this only took effect yesterday. this needs to be sorted out by them.
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Flying Voice : RS 16 to 1 took place today your 968 ÷ 16=60.5 shares you have now.
ChipiChirpi : This app probably has the best news updates I've seen. If you ever wonder what happened to the price or shares first check the news section on the stock you have invested in. RS was stated 2 days ago. You can add a notification for news updates on any stock as well which is pretty awesome. This stock is now very volatile having such low shares post RS. In time with good news the possibility of it coming back up to the 7 dollar range can happen, but no one knows for sure. You can DCA down with any funds available until you can get out without losing anything or with a small amount more/less. Many scenarios can happen but choose what suits your investment path. GL
152245410 OP : all I am hearing is excuses they did the flip 1x16 but it was at 7.28, so that is a loss of over 4.00 a share when it opened on the market all they did is rip off there share holders
Jaguar8 : @Moomoo News Global Please help with his post RS residual shares
Jaguar8 : You had 968 shares and when it went on 1:16 split, you divide your 968/16 = 60 shares multiplied by the opening price. Now since the stock price dropped, you lost money. Your 968 shares are not carried through the same number of shares post split since its share consolidation.