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  • LAVA Moderator: Shinji Ikari

the market: stocks, bonds, options, whatever

@Electrum1 did i tell you this yet?

im not really into stocks, but i bought one - spent $200 on it - i don't even know how many shares - 40 or something

so idk what happened, but from what i heard, it did a reverse split? and now i got e-trade telling me i owe them $50? wtf dude :shrug:
 
Mr. Krinkle said:
@Electrum1 did i tell you this yet?

im not really into stocks, but i bought one - spent $200 on it - i don't even know how many shares - 40 or something

so idk what happened, but from what i heard, it did a reverse split? and now i got e-trade telling me i owe them $50? wtf dude :shrug:
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idk why you'd owe them. Must be a new fee for delivering the new shares. That sucks tho. Is it that psychedelic biotech stock Mindmed?

They have warrants that still trade on the otc MMDCF but they're pretty much worthless now after a RS in the main stock
 
My platform recently told me they're going to charge like $44 per transaction for foreign stocks now
 
ions said:
I’m considering rumble stock too
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The day to buy that was when that short seller report was published and it crashed below 7. Almost always buy on drops caused by hit pieces from short sellers. Rare exceptions
 
Electrum1 said:
idk why you'd owe them. Must be a new fee for delivering the new shares. That sucks tho. Is it that psychedelic biotech stock Mindmed?

They have warrants that still trade on the otc MMDCF but they're pretty much worthless now after a RS in the main stock
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yup MNMD - it did a reverse split - that's all i know

im not paying them - they can forget it :hai:
 
Mr. Krinkle said:
yup MNMD - it did a reverse split - that's all i know

im not paying them - they can forget it :hai:
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Well if you don't sell and it goes back below $1 again (it will because they only lose money and will need to dilute to raise cash by issuing shares) then you could get charged again for the next reverse split that they do to stay on the nasdaq. Nasdaq delists stocks below a dollar after like 30-60 days I think if they don't do a reverse split.

If you had 40 shares then you have 4 shares now after a 1 for 10 reverse split.
 
The big loser of today's FTX/Binance crypto catastrophe

FhEzb50akAEhdbP



Bloomberg article link isn't showing in the post so here's the tweet

 
I'm happy about this down action in crypto, and just started putting new capital in again, gonna do a modest every 2 weeks buy in. Looking at MATIC, NEAR, SOL, ATOM, VRA. The longer it stays down, the better for me (unless it stays down forever, but that aint gonna happen).

Mr. Krinkle said:
i'd buy more matic if i could
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One of the best projects out there, for sure
 
That said, it's been a bear market for a while. But the last bull market lasted way longer than any previous ones so it makes sense the bear would last longer too. Plus the economy in general. I do wish I'd been starting to DCA in a few months ago, but here we are.
 
Electrum1 said:
Well if you don't sell and it goes back below $1 again (it will because they only lose money and will need to dilute to raise cash by issuing shares) then you could get charged again for the next reverse split that they do to stay on the nasdaq. Nasdaq delists stocks below a dollar after like 30-60 days I think if they don't do a reverse split.

If you had 40 shares then you have 4 shares now after a 1 for 10 reverse split.
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jesus christ....so i should pay what they tell me i owe, and then just sell it for nothing? :unsure:
 
Yeah pretty much, unless you think it's going to go up a lot. I looked and it was a 1 for 15 share RS, so every 15 old shares became 1 new share, so you probably only have a couple shares anyway. You're pretty much just sitting on an unclaimed tax loss at this point
 
Electrum1 said:
Yeah pretty much, unless you think it's going to go up a lot. I looked and it was a 1 for 15 share RS, so every 15 old shares became 1 new share, so you probably only have a couple shares anyway. You're pretty much just sitting on an unclaimed tax loss at this point
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can i just sell it all now and not owe anything or do i gotta pay the $57 first?
 
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