AIG Up 1,500%!!! Reverse 1:20 Split

Posted by Kris | Wednesday, July 01, 2009 | | 0 comments » just a joke!! AIG is having a 1:20 reverse stock split . Meaning that for every 100 shares before the split, you will get 5 shares at the current USD18 ish pricing.

Actually, AIG is now closing below before the split at 18.59/20 = ~0.90 (prior to split is USD1.1)

This is just to show that reverse split (share consolidation) does not mean will bring good things to the investors.

Everything depends on time and place!!