Home >> Stock Forums >> On the right track...HISU

On the right track...HISU

Cryogenix said: "Last: .045 ???? Formerly HISC.PK... [url]http://finance.yahoo.com/q?s=HISU.PK[/url] Interesting development today, as I noticed the # sign after HISC in my accounts, with no activity. Investigating further, I discovered the stock underwent a symbol change today, and the company will also soon get a new name. What's interesting is, I bought 600,000 shares between both of my accounts, around the prices of .003 and .008 (I bought more months back, after the company said it was going to reduce shares to increase shareholder value), and now with this new ticker change it shows the value per share to be full pennies. Is this just a transition mistake? In any case, I bought shares to forget about for 10 or so years, because I feel the Cybertracking technology the company offers is going to be huge in the future, and I liked their plan. Something to check out..."

Rbreb13 said: "[QUOTE]What's interesting is, I bought 600,000 shares between both of my accounts, around the prices of .003 and .008 (I bought more months back, after the company said it was going to reduce shares to increase shareholder value), and now with this new ticker change it shows the value per share to be full pennies. Is this just a transition mistake?[/QUOTE]Its not a mistake. They did a 400-1 R/S. You will have [B]1500 shares [/B]of the new symbol."

Cryogenix said: "Thanks. I kept looking at this and thinking I lost a lot more money than I thought, then it occurred to me I forgot a zero. I bought at .0003 and .0008, not .003 and .008. That means what I initially paid $330 for is now worth $67.50??? That sucks!"

Rbreb13 said: "Well, thats a whole lot better than $3300 now worth $675 in my book. Hafta watch the .PK's like a hawk. Especially the sub-sub pennies. Once they hit triple .000x a reverse split is almost inevitable."

Cryogenix said: "Absolutely! Since I never studied up on sub-penny stocks during my initial research period on investing and day trading, I really had no clue of their mechanics. I figured spending a few hundred bucks now for a crapload of shares in a promising company whose stock might go up a $1 over the span of my lifetime was a good deal. Never even thought of reverse splits and other pitfalls. Oh well...live and learn. AGGI is my last pinky...after that runs its course, I'm done with them. I don't like OTC's either, which is why I've stayed out of DPDW, even though it seems to have rare promise."