What happens to my stock certificates if my company does a 1:8 consolidation?

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What happens to my stock certificates if my company does a 1:8 consolidation?

2007-01-22 18:57:05 · 3 answers · asked by wesleyelvis 2 in Business & Finance ➔ Investing

3 answers

A=1 and B=8 then B/AxPrice of stock is your new stock price.
Here suppose if your stock is $20, your new stock price will be 8/1 x 20 = 160. Consolidation I mean reverse split.

2007-01-23 03:48:15 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋

You get one share of stock for every eight shares you owned at that time.
So if you owned 8000 shares, you would end up with 1000 after a 1:8 reverse split.

2007-01-23 03:00:05 · answer #2 · answered by bscoms 2 · 0⤊ 0⤋

you get fresh certificats

2007-01-23 02:59:45 · answer #3 · answered by keral 6 · 0⤊ 0⤋