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2001. On my way out the door, the boss asked if I was planning to buy my options. I said I probably would. He shook his head and silently mouthed “Noooo”. Two w
by Kaibeezy 5y ago
2001. On my way out the door, the boss asked if I was planning to buy my options. I said I probably would. He shook his head and silently mouthed “Noooo”. Two weeks later our lovely VC punters shat out an 800-for-1 reverse. Thanks boss!
- unlikelymordant 5y agoSorry, whats an 800 for 1 reverse?
- Kaibeezy 5y agohttps://en.m.wikipedia.org/wiki/Reverse_stock_split https://en.m.wikipedia.org/wiki/Reverse_stock_split
- unlikelymordant 5y agoHow does the reverse stock split affect options, it would make each share more valuable wouldnt it?
- toyg 5y agoIt typically means the stock is tanking. If you know your $10 stock is going down, it looks better to merge it back into $1000 stock; this way, when it tanks, instead of $0.50 shares you get $50 shares - which look more presentable to new investors. Very roughly speaking, Split -> Stock is so good the company wants to cash in; Buyback -> Stock is still good enough that the company wants it back; Reverse Split -> Stock is tanking and company doesn't want to scare people.
- cure 5y agoThat was a good boss who cared about you.