Wednesday, April 24, 2013

Reverse stock split of Commerzbank

A German bank


Today Commerzbank made the reverse stock split and 10 old stocks became 1 new one. They did this for two reasons. Avoiding to become a penny stock and secondly because they will now be able to ask their shareholders for more money to buy out the Government and pay part of a debt to Allianz. This means that they will dilute the stock again and it will drop further. I am very unhappy with this decision.

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