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ASML Holding NV Message Board

  • A Yahoo! User Dec 25, 2012 4:32 AM Flag

    I lost money after the split...

    I had 60 stocks, after the reverse split I remained with 46.2 stocks, and I got $711 cash.
    So instead of havein 60 stocks at $63 (=$3,780) now I have 46.2 stocks at ~$63 + 711 (=$3,621).
    So I lost about $160 - is this the way it should work?

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    • norob1@sbcglobal.net norob1 Dec 30, 2012 8:07 AM Flag

      The same thing happened to me. When I complained to my brokerage, their bean counters told me that I was paid a cash dividend of $11.86204 per share for the total shares I had before the reverse split in my account. They claimed my apparent shortage was due to the closing and opening prices between 28 and 29 November. They said: "On November 28 (the day prior to the split), ASML closed at an unadjusted price of $59.25 per share). The opening price for the post-split shares of ASML on November 29 was $62.62". I went back and it looks like those numbers were correct. What I don't understand is why all those transactions didn't occur on the same day and all our numbers would have been correct.

 
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