Monday, July 18, 2011

Anybody who understands the stock exchange?

A little while ago, a friend and I invested into a company. A few weeks after investing, we realized that the company wasn't doing what we had hoped and opted to pull out our money. We immediately found that the company was doing a stock split but had decided to do it manually rather than electronically so we were unable to sell (according to etrade). After a month of waiting for the split to complete, we found that our new stock value was exactly where it was when we entered in but we held less shares. The dollar amount that the stock split left us was 60 cents. Is what this company did legal? And is there anything to do to make our money back?

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