Reverse Split Dilema

Discussion in 'Trading' started by Hoofhearted, Aug 8, 2012.

  1. I understand how a split works- 2 for one means if I had 20 shares of XYZ @ $20 per, I would now have 40 shares at $10 per share.

    I understand that a reverse split works the opposite, and my 20 shares of XYZ would become 10 shares at $40 per share.

    But what if I only had one share of Google (GOOG)?

    How are they gonna slice that up for me?
  2. I believe you'd get cash for your 1 share.
    If you had 11 shares and a 10-1 reverse split happened you'd then have 1 share and get $ for the remaining 1.
  3. well that sucks. But thanks