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  • Sirius XM Annual Meeting: What's on the Agenda? [View article]
    If you have 1,000 shares at $0.10/share, after a 10:1 reverse split, you will have 100 shares worth $1/share.
    It means that the stock price can decline farther. At 10 cents, there is a cushion below which buyers support it, since it cannot go much lower. At $1, it can drop 10X as much.
    Current shareholders are hurt (worse), but managment has little choice to avoid delisting.
    Ugh.


    On Dec 18 09:56 AM Loy wrote:
    > What exactly does the reverse split mean to someone that has shares
    > in siri
    Dec 18 10:05 am |Rating: 0 -1
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