Everyone wants to know what happened. This is the reverse split at 15:1. This means that if you have 1000 shares, tomorrow you will have 1000 15 = 67 shares. The 67 shares will be worth more than 15 times 0.48 cents. Nothing changes, no worried!
There are many examples where AMC's share price has risen from $7 to $72. GME's share price rose from $50 to $400. Nakd's share price rose from 90 cents to $3.40, rising in just one week. No, it's impossible. Only patience is the key to liberation.
In essence, your shares will be worth the same as before. Please don't think you've made a lot of money, because you don't. Be bullish on your stock, it will rise to $100 within a year.
In the stock market, stocks are split or reorganized in a low profile. So no one will notice. Especially if the shares of the company are limited. When they have the required shares, then the stock price will rise to a very high price, which ensures billions of profits.
The 15:1 split means that the current stock price is multiplied by 15, which means that the same amount of money will be manipulated and investors may lose more.
People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.
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