Quote:
Originally Posted by Kard63
Hey hey hey people, don't forget there was a reverse stock split. When AIG was $2 it did a 20-to-1 reverse stock split. So you owned 1/20th as many shares but each share was worth 20 times more. From there it dropped to $9, then shot up to $50, plummeted to $35 over the last few days, and is up $3 a share for today to put it at $39.
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Yeah, adjusted for the 20-1 stock split, the stock at $37.71, where it is at this moment, is equivalent to $1.88. Funny, how those reverse stock splits get people excited with the big numbers. I guess that's the point of doing it lol
$180 billion owed to the gov. They have a $6 billion market cap.
Disclosure: I have puts.