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Ororeef–I don’t understand–wasn’t it a one for 5 split?

Posted by Richard640 @ 13:59 on July 4, 2019  

JNUG’s 7th split took place on June 28, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of JNUG owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 10 share position following the split.

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JNUG closed at $59 yesterday–divide that by 5 and you get

59 / 5 = $11.80

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that seems too cheap—how is it overpriced? I must be missing something–could u please explain what you mean? TIA

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.