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I had a 1000 shares of pfsw before the 4.7 to 10 reverse split now I only have 212 shares. why
I want an answer that is directly relevant to my question
Answers
426 points
MONEYTREE answered 5 months ago …
You should have 470 shares, check to see if that was the correct split and if it was then call your broker to see what they know because errors can happen...
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2082 points
alanj answered 5 months ago …
I checked the SEC filing and the reverse split was 75 million shares to 35 million shares, which is 4.7 shares for 10 shares so you should have received 470 shares. Call your broker immediately.
Read more from alanj2082 points
alanj answered 5 months ago …
Adding to my earlier answer, a 4.7 to 10 reverse split is 47% of 10. You say you have 212 shares. Did you mean to type 221? If you meant 221 continue- The reason you have 221 shares from 1000 is this- Take 1000 and multiply by 47% you get 470. Take 470 and multiply by 47% again and you get 221. There's two possible causes. One- when someone was figuring your shares they did the calculations twice.
Second - You bought the 1000 shares quite a while back, then the company did a 4.7 from 10 reverse split after you bought the shares, and now have done another 4.7 from 10 reverse split.
