plutonium....@gmail.com
2022-08-02 17:25:49 UTC
210 more shares of AT&T, 2Aug2022 #710 Optimal Strategy of Playing the StockMarket via VonNeumann Game Theory.
I was so shaken by the mindless reverse stock split of Glaxo GSK, that I lost track of the counting of these posts. So this one should be #710.
I cannot see any rational reasoned argument for doing a 4 for 5 reverse stock split, and my opinion is Emma Walmsley step down as CEO of GSK.
No investor wants to see their 700 shares drop down to being only 560 shares.
Disgusting GSK reverse stock split// #708 Optimal Strategy of Playing the StockMarket via VonNeumann Game Theory.
I just now have learned of GSK reverse stock split of ratio 4 to 5, which went into effect on friday 22July2022.
As you can imagine-- expecting to see 700 shares all of a sudden become 560 shares and a new share company of HLN be 700 shares.
So my first reaction was disgust. Who do a reverse stock split?? I cannot imagine a reverse stock split ever benefiting share holders. I suppose the reverse was done just so the CEO of GSK is better off more secure in her job, at the expense of shareholders. In my mind, the rightful move would have been 700 of HLN with 700GSK in tact. No, I am now reduced from 700 GSK to that of 560 GSK. In my mind that is a stealing of 140 GSK from AP. Who in the world does a reverse stock split, except a company who is in some form of trouble, and has their heads screwed on backwards. A company that is successful would have given me my original 700 GSK plus 700 HLN, or even just 560HLN so long as my 700 GSK remained in place.
AT&T recently had a company wide overhaul, but when all was said and done, I had my original AT&T shares plus the new company shares. Comparing that to Glaxo, for Glaxo screwed AP who had 700 GSK before and afterwards has but 560 GSK, a stealing of 140 shares.
My portfolio is now.
PORTFOLIO of PAF of 22July2022
T 35,490 AT&T
GSK 560
HLN 700
VZ 100
Discovery 8100
__________
44,950
Today, 2Aug2022 with excess cash, bought 210 shares of AT&T at 18.40 per share.
PORTFOLIO of PAF of 2Aug2022
T 35,700 AT&T
GSK 560
HLN 700
VZ 100
Discovery 8100
__________
45,160
Total share-wealth-units last reported which was 22Jul2022 was without the GSK and HLN spin off.
And total share-wealth-units today is 45,160, and today is 2Aug2022.
The GSK reverse stock split sending my 700 shares to be 560 is a disgusting practice, committed by corporations with their heads up their arse, if you ask for my opinion. Corporations in some form of trouble do reverse splits, and harm investors.
AP
I was so shaken by the mindless reverse stock split of Glaxo GSK, that I lost track of the counting of these posts. So this one should be #710.
I cannot see any rational reasoned argument for doing a 4 for 5 reverse stock split, and my opinion is Emma Walmsley step down as CEO of GSK.
No investor wants to see their 700 shares drop down to being only 560 shares.
Disgusting GSK reverse stock split// #708 Optimal Strategy of Playing the StockMarket via VonNeumann Game Theory.
I just now have learned of GSK reverse stock split of ratio 4 to 5, which went into effect on friday 22July2022.
As you can imagine-- expecting to see 700 shares all of a sudden become 560 shares and a new share company of HLN be 700 shares.
So my first reaction was disgust. Who do a reverse stock split?? I cannot imagine a reverse stock split ever benefiting share holders. I suppose the reverse was done just so the CEO of GSK is better off more secure in her job, at the expense of shareholders. In my mind, the rightful move would have been 700 of HLN with 700GSK in tact. No, I am now reduced from 700 GSK to that of 560 GSK. In my mind that is a stealing of 140 GSK from AP. Who in the world does a reverse stock split, except a company who is in some form of trouble, and has their heads screwed on backwards. A company that is successful would have given me my original 700 GSK plus 700 HLN, or even just 560HLN so long as my 700 GSK remained in place.
AT&T recently had a company wide overhaul, but when all was said and done, I had my original AT&T shares plus the new company shares. Comparing that to Glaxo, for Glaxo screwed AP who had 700 GSK before and afterwards has but 560 GSK, a stealing of 140 shares.
My portfolio is now.
PORTFOLIO of PAF of 22July2022
T 35,490 AT&T
GSK 560
HLN 700
VZ 100
Discovery 8100
__________
44,950
Today, 2Aug2022 with excess cash, bought 210 shares of AT&T at 18.40 per share.
PORTFOLIO of PAF of 2Aug2022
T 35,700 AT&T
GSK 560
HLN 700
VZ 100
Discovery 8100
__________
45,160
Total share-wealth-units last reported which was 22Jul2022 was without the GSK and HLN spin off.
And total share-wealth-units today is 45,160, and today is 2Aug2022.
The GSK reverse stock split sending my 700 shares to be 560 is a disgusting practice, committed by corporations with their heads up their arse, if you ask for my opinion. Corporations in some form of trouble do reverse splits, and harm investors.
AP