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According to Wikipedia, reverse stock splits remove everyone with less than the split factor from the cap table. So if it was a 10-to-1 reverse split then you'd
by mrgordon 11y ago
According to Wikipedia, reverse stock splits remove everyone with less than the split factor from the cap table. So if it was a 10-to-1 reverse split then you'd need at least 10 shares or you'd get paid out in cash
https://en.wikipedia.org/wiki/Reverse_stock_split#cite_note-3 https://en.wikipedia.org/wiki/Reverse_stock_split#cite_note-...
- erichurkman 11y agoIf you have 10 shares or 1 share in a company with tens or hundreds of millions of shares on the cap table, your stake effectively doesn't exist, so getting a cash payout is probably in your favor.
- mrgordon 11y agoRight thats why I didn't understand why the original comment thought a reverse stock split is in the cards