@dander @VooDooMedic @Tfmonkey What in the name of Tzeentch was that?
@VooDooMedic @Lorgar @Tfmonkey wtf is "consolidation" #totalyNotGoyvernmentManipulation ?
@dander @VooDooMedic @Lorgar It's a reverse stock split.
@Tfmonkey @dander @VooDooMedic @Lorgar
From Investopedia:
"A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares.
A reverse stock split does not directly impact a company's value (only its stock price).
It can signal a company in distress since it raises the value of otherwise low-priced shares.
Remaining relevant and avoiding being delisted are the most common reasons for corporations to pursue this strategy."
@DoubleD @Tfmonkey @dander @VooDooMedic @Lorgar So nothing ultimately changes.
@DoubleD @Tfmonkey @dander @Lorgar oooooo sheeeeit