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

in response to Re: News Release:Change in the stock symbol from LBSU to LBSR, Reverse Split 1 for 4 by joe_74

posted on Sep 03, 09 03:48PM

From the SEC's we site:

http://www.sec.gov/answers/reversesplit.htm

"A reverse stock split reduces the number of shares and increases the share price proportionately. For example, if you own 10,000 shares of a company and it declares a one for ten reverse split, you will own a total of 1,000 shares after the split. A reverse stock split has no affect on the value of what shareholders own. "

There are pros and cons to undertaking a reverse stock split. I'm sure the Board of Directors seek to bolster the company's prospects!

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