Timeline for In a reverse split, what happens to odd lots?
Current License: CC BY-SA 3.0
8 events
| when toggle format | what | by | license | comment | |
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| Oct 6, 2016 at 1:38 | comment | added | JTP - Apologise to Monica♦ | @Joshua - it would be interesting to find out what percent of the average companies shares are owned in odd lots, and also those that don't divide by 5. I am not betting on how tiny, but, yes, I'm thinking a very small number. | |
| Oct 6, 2016 at 1:34 | comment | added | Joshua | @JoeTaxpayer: In which case I am in the tiniest of tiniest of fractions for owning almost all odd lots. My last purchase I believe was for 61 shares of something. | |
| Oct 4, 2016 at 19:54 | comment | added | JTP - Apologise to Monica♦ | @Joshua - I'd bet that only the tiniest fraction of shares is not held as multiples of 100. And then even 50, 20, 10, etc will divide by 5. The cash to clean out the rest can come from the sofa cushions of the CEO's office. | |
| Aug 23, 2015 at 21:06 | vote | accept | Joshua | ||
| Aug 23, 2015 at 1:42 | comment | added | Tom Au | The amount that is represented by odd lots is so small that the cash involved is trivial. In fact, a company will save money by "taking out" positions of less than five shares, because of reduction of administrative costs. | |
| Aug 22, 2015 at 23:56 | review | Low quality posts | |||
| Aug 23, 2015 at 0:35 | |||||
| Aug 22, 2015 at 23:48 | comment | added | Joshua | Since companies doing reverse splits tend to be cash-poor I wonder where the cash comes from. | |
| Aug 22, 2015 at 23:40 | history | answered | Pete Becker | CC BY-SA 3.0 |