Feb 06, 2006
1:15
For every 15 shares held, investors received 1. The price per share adjusted from $0.15 to $2.25.
The split itself did not change the total investment value.
CONSOLIDATED BIOFUELS INC (OTC:CSBF) operates in the Precious metals industry.
CONSOLIDATED BIOFUELS INC company overviewCONSOLIDATED BIOFUELS INC's most recent stock split was on February 6, 2006. It was a 1-for-15 reverse split, so shareholders received 1 share for every 15 they held.
CONSOLIDATED BIOFUELS INC (OTC:CSBF) has split its stock 2 times: a 1-for-10 reverse split on August 1, 2005 and a 1-for-15 reverse split on February 6, 2006.
CONSOLIDATED BIOFUELS INC has split its stock 2 times. This history records 2 reverse splits between August 1, 2005 and February 6, 2006.
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 CONSOLIDATED BIOFUELS INC's 1-for-15 reverse split on February 6, 2006, every 15 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.
CONSOLIDATED BIOFUELS INC has not announced a new split in our records. Its most recent split was on February 6, 2006, 20 years ago. Companies announce splits in advance, and any new OTC:CSBF split will appear on this page.