Recording a Reverse Split
Colin Law
clanlaw at gmail.com
Thu Jun 4 10:25:35 EDT 2015
On 4 June 2015 at 14:52, John Ralls <jralls at ceridwen.us> wrote:
>
>> On Jun 4, 2015, at 3:39 AM, Robin Chattopadhyay <robinraymn at gmail.com> wrote:
>>
>> Follow the same procedure as a regular split, except that the ratio is a
>> fraction less than 1. For example, a 1-for-2 reverse split is 0.5, or a
>> 1-for-5 reverse split is 0.2.
>
> Just use a negative number for the shares in the Stock Split Assistant. For example, if you have 5000 shares of XYZ and they do a 1-for-5 reverse split, tell the Assistant that the split is for -4000 shares.
Suddenly this conversation makes sense, it is about stock splits, not
transaction splits.
Colin
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