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0.5¢ unilife corporation

http://ir.unilife.com/secfiling.cfm?filingid=1193125-16-517021&CI...

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Tram09

82 Posts.

27/04/16

09:37

Post #: 17605803
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Originally posted by Unifollower ↑

This post is totally wrong in the example
The cdi ratio remains the same 6 cdi= 1 UNIS share.
It's just the total float that is affected (ie 170 mil shares become 17 mil shares after a 10:1 Reverse Split).
Because the UNIS shares are reduced in the reverse split and so your cdi holding will reduce.
This reverse split is not that complicated.
If the 170 million shares represented $1 each then you would have a giant stack of 170 Million $1 bills.
With a 10: 1 RS instead of having that pile- they are saying for every 10- $1 bills you have -They will give you a $10 bill
Same amount of total value-
So how are your cdi's affected- You hold 10 times less (if 10:1 RS) but they are worth 10 times more.
Today the cdi are trading at 12.5 cents.
After a 10:1 RS they will instantly be worth and able to be traded at $1.25 until the SP moves either up or down (but you will have numerically 10 times less as a holding.
It's explained in the voting submission.

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http://ir.unilife.com/secfiling.cfm?filingid=1193125-16-517021&CIK=1476170

Scroll down to the page with heading: "PROPOSAL NO. 1 — APPROVAL OF AMENDMENT TO THE COMPANY’S CERTIFICATE OF INCORPORATION EFFECTING A REVERSE STOCK SPLIT OF THE COMPANY’S COMMON STOCK "

Read the paragraph under the dot points.

UNS Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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