Post by jimbocmkx on Oct 5, 2007 7:18:32 GMT -5
Many folks have noticed there have been numerous Reverse Splits lately in various stocks....
Has anyone noticed the strange parameters on those Reverse Splits
Has anyone noticed they usually involve a merger of some sort
Is there something bigger going on here?
Let's take the recent QBID R/S for example
www.otcbb.com/asp/dividend.asp?sym_id=QBID&dDate=10/5/2007&sDateType=ex_d
ate
"N/C to Cinemax Pictures and Production Company International, Inc. (CPPC).
Shareholders holding less than 50,000 shs will receive 100 shs post-split &
pre-split holders of less than 100 shs will not be effected by split"
Let's say you bought at .0002
So if you purchased 4 million shares at a cost of $800, you end up with 80 shares post split, at what should be $10 per share or $800 in value...now that seems fair.
But if you purchased 200 shares, at .0002 at a cost of 4 cents, you end up with 100 shares, post split at $10 per share for a net value of $1,000
SAY WHAT? That can't be right....
Someone who invested 4 cents ends up with more value than someone who invested $800?
Someone who invested 4 cents ends up with 25,000 times the value, while the other guy/gal gets no increase?
In the past, if you did not have enough shares to cover the R/S and end up with at least one share, you were simply wiped out..... now for some reason they CARE ABOUT THE LITTLE GUY? hmmmmmm
Why was QBID involved in that Jade Collection like CMKX was anyway?
How did all the assets of QBID go to Valcom?
Did you know Valcom contacted Global Intell in 2004?
What other company does this sound like? Assets moving but hard to follow, global intell people involved, huge share structure....hmmmm
Why is it so important to keep ALL THE SHAREHOLDERS involved?
So many questions.....
Anyone have any thoughts on this?
tia
Has anyone noticed the strange parameters on those Reverse Splits
Has anyone noticed they usually involve a merger of some sort
Is there something bigger going on here?
Let's take the recent QBID R/S for example
www.otcbb.com/asp/dividend.asp?sym_id=QBID&dDate=10/5/2007&sDateType=ex_d
ate
"N/C to Cinemax Pictures and Production Company International, Inc. (CPPC).
Shareholders holding less than 50,000 shs will receive 100 shs post-split &
pre-split holders of less than 100 shs will not be effected by split"
Let's say you bought at .0002
So if you purchased 4 million shares at a cost of $800, you end up with 80 shares post split, at what should be $10 per share or $800 in value...now that seems fair.
But if you purchased 200 shares, at .0002 at a cost of 4 cents, you end up with 100 shares, post split at $10 per share for a net value of $1,000
SAY WHAT? That can't be right....
Someone who invested 4 cents ends up with more value than someone who invested $800?
Someone who invested 4 cents ends up with 25,000 times the value, while the other guy/gal gets no increase?
In the past, if you did not have enough shares to cover the R/S and end up with at least one share, you were simply wiped out..... now for some reason they CARE ABOUT THE LITTLE GUY? hmmmmmm
Why was QBID involved in that Jade Collection like CMKX was anyway?
How did all the assets of QBID go to Valcom?
Did you know Valcom contacted Global Intell in 2004?
What other company does this sound like? Assets moving but hard to follow, global intell people involved, huge share structure....hmmmm
Why is it so important to keep ALL THE SHAREHOLDERS involved?
So many questions.....
Anyone have any thoughts on this?
tia