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Reverse Split 1 for 120, Zoned Properites

Recs

6

May 14, 2014 – Comments (4) | RELATED TICKERS: ZDPY , CANA , CANN

Before you come out here and get upset about a 1200 point loss in Caps, let me be the first to tell you it's temporary. Please note that Zoned Properties just executed a 1 for 120 share reverse split and your score will be adjusted as soon as Richard puts in the correction.

Yes, FINRA approved the split and there are now about 197K shares that are trading. If you haven't seen the news :

 

Zoned Properties, Inc. Announces Plans For A 1:120 Reverse Stock Split12:51 PM ET 5/2/14 | PR Newswire

Zoned Properties, Inc. (OTC Pink: ZDPY) http://www.zonedproperties.com, a lessor of land, facilities and equipment to the medical marijuana industry has announced plans to do a 1:120 reverse stock split. Paperwork has already been filed with FINRA and the company expects it to go into effect within ten days.

4 Comments – Post Your Own

#1) On May 14, 2014 at 12:05 PM, gassy1 (93.71) wrote:

1200 point loss I am showing this! 

Worst Pick ZDPYD (-5991.99)

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#2) On May 14, 2014 at 1:18 PM, portefeuille (99.60) wrote:

#1 He meant 11900 = 100 * 119 points.

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#3) On May 14, 2014 at 6:28 PM, TSIF (99.96) wrote:

I reported it this morning.  Mods will adjust.   Wish they had done it the same day, I don't like the jagged blimp in my pretty chart, but it happens from time to time on OTC stocks.  The feed has to be manually adjusted.

Use the contact us, when you see one that doesn't correct.  They usually get to it the next day.

If I had hit this at $0.60, it would have been a lot more "fun".

Do keep in mind that if you play what you think is a junk stock from a low starting point that it can bite, but usually not more than a hundred points.... 

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#4) On May 15, 2014 at 11:42 AM, TSIF (99.96) wrote:

POSTED AT 5/15/2014 11:39:43 AM The stock ZDPYD has split 1:120. The starting price for your pick has been adjusted accordingly.

 May be mid-morning tomorrow before all the scores get adjusted, but they will go back to those that closed yesterday.

Be careful with limit orders on some of these.  Reverse splits, large dividends, etc, can trip you out when you don't expect it.

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