Mar 24, 2009
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.03 to $0.60.
The split itself did not change the total investment value.
GULF ALTERNATIVE ENERGY CORPORATION (OTC:GAEC) operates in the Chemicals: specialty industry.
GULF ALTERNATIVE ENERGY CORPORATION company overviewGULF ALTERNATIVE ENERGY CORPORATION's most recent stock split was on March 24, 2009. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
GULF ALTERNATIVE ENERGY CORPORATION (OTC:GAEC) has split its stock 3 times: a 10-for-1 split on January 20, 2005, a 1-for-20 reverse split on July 31, 2006, and a 1-for-20 reverse split on March 24, 2009.
GULF ALTERNATIVE ENERGY CORPORATION has split its stock 3 times. This history records 3 splits between January 20, 2005 and March 24, 2009.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In GULF ALTERNATIVE ENERGY CORPORATION's 1-for-20 reverse split on March 24, 2009, every 20 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
GULF ALTERNATIVE ENERGY CORPORATION has not announced a new split in our records. Its most recent split was on March 24, 2009, 17 years ago. Companies announce splits in advance, and any new OTC:GAEC split will appear on this page.