What happens if an odd reverse split is issued if you have a round number of shares?
Submitted by admin on February 23, 2010 – 10:56 amNo Replies
A web user asks, For example, if you have 100 shares and a 2:3 split is issued, which would translate to 66.67 shares .
A more practical example would be a small lot of 5 shares undergoing a 1:3 split. 1.67 shares?
What would happen here and in similar situations? Thanks for your help.
Actually a 1:2 reverse split would be more practical, which would be a big deal with small odd lots of shares.
Can you help them out? Post your advice!
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