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Wanted to make this clear so that any confusion amongst new investors out there can be cleared up. Yes, when the 10-1 reverse split occurs, ACB should be sitting around 4 dollars. No, this does not mean that those of you with even 2-3 dollar averages will be able to break even.
With 10 shares being crammed into 1, the value of an ACB share post-split will be multiplied 10x.
SO WILL YOUR AVERAGE. Your 3 dollar average is about to be a 30 dollar average in a stock worth about 4 bucks. The split will not increase your value nor get you any closer to a breakeven or profit.
That’s all I have to say, I’d think it should be common knowledge but wanted to make it clear as I’ve seen some confusion in multiple subreddits about to go through the same thing. I wish you all luck with your investments!
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- 10 months ago
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