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Video: What is a Stock Split?
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Great Basin Scientific is a molecular diagnostic testing company focused on the development and commercialization of Co.'s patented, molecular diagnostic platform designed to test for infectious disease. Co. has received the Food and Drug Administration clearance and a CE mark for two assays, C. diff and Group B Strep. Co. also has three other diagnostic assays in the late stages of product development: a Staphylococcus aureus Pre-Surgical screening test, Stool Bacterial Pathogenic panel, and Candida Blood Infections panel. Co. also has a pipeline of assays in an early stage of development, including chlamydia/gonorrhea, respiratory testing, and sepsis panels. According to our GBSN split history records, GBSN has had 3 splits. | |
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GBSN (GBSN) has 3 splits in our GBSN split history database. The first split for GBSN took place on December 14, 2015. This was a 1 for 60 reverse split, meaning for each 60 shares of GBSN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 16.6666666666667 share position following the split. GBSN's second split took place on March 31, 2016. This was a 1 for 35 reverse split, meaning for each 35 shares of GBSN owned pre-split, the shareholder now owned 1 share. For example, a 16.6666666666667 share position pre-split, became a 0.476190476190476 share position following the split. GBSN's third split took place on September 16, 2016. This was a 1 for 80 reverse split, meaning for each 80 shares of GBSN owned pre-split, the shareholder now owned 1 share. For example, a 0.476190476190476 share position pre-split, became a 0.00595238095238095 share position following the split.
When a company such as GBSN 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 GBSN split history from start to finish, an original position size of 1000 shares would have turned into 0.00595238095238095 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GBSN shares, starting with a $10,000 purchase of GBSN, presented on a split-history-adjusted basis factoring in the complete GBSN split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/07/2014 |
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End date: |
03/06/2018 |
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Start price/share: |
$843,360.00 |
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End price/share: |
$0.11 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-100.00% |
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Average Annual Total Return: |
-99.15% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$0.00 |
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Years: |
3.33 |
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Date |
Ratio |
12/14/2015 | 1 for 60 | 03/31/2016 | 1 for 35 | 09/16/2016 | 1 for 80 |
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