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Video: What is a Stock Split?
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GreenBox POS is a financial technology company that develops, markets, and sells blockchain-based payment solutions. Co.'s primary focus is to develop and monetize disruptive blockchain-based applications, integrated within an end-to-end suite of financial products, capable of supporting a multitude of industries. Co.'s proprietary, blockchain-based systems are designed to facilitate, record and store a virtually limitless volume of tokenized assets, representing cash or data, on a secured, immutable blockchain-based ledger. According to our GBOX split history records, GBOX has had 1 split. | |
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GBOX (GBOX) has 1 split in our GBOX split history database. The split for GBOX took place on February 17, 2021. This was a 1 for 6 reverse split, meaning for each 6 shares of GBOX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split.
When a company such as GBOX conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the GBOX split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GBOX shares, starting with a $10,000 purchase of GBOX, presented on a split-history-adjusted basis factoring in the complete GBOX split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
10/21/2022 |
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Start price/share: |
$0.60 |
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End price/share: |
$0.90 |
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Dividends collected/share: |
$0.00 |
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Total return: |
50.00% |
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Average Annual Total Return: |
4.85% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,002.24 |
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Years: |
8.56 |
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Date |
Ratio |
02/17/2021 | 1 for 6 |
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