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Message: News Release:Change in the stock symbol from LBSU to LBSR, Reverse Split 1 for 4

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joe_74

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Re: News Release:Change in the stock symbol from LBSU to LBSR, Reverse Split 1 for 4

in response to News Release:Change in the stock symbol from LBSU to LBSR, Reverse Split 1 for 4 by Newshound

posted on Sep 03, 09 12:02PM

What gives? I had over 14,000 shares and now I have 3500. I know its not alot but why did this happen? Whats the point of a reverse split? Can someone answer this in plain english please? I only bought this stock on a recomendation of a friend who talked to Brisco almost two years ago and Brisco had told him the stock would reach $50.00 a share.

Thanks

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