Nov 08, 2011
1:300
For every 300 shares held, investors received 1. The price per share adjusted from $0.00 to $1.23.
The split itself did not change the total investment value.
COIL TUBING TECHNOLOGY INC (OTC:CTBG) operates in the Oilfield services/Equipment industry.
COIL TUBING TECHNOLOGY INC company overviewCOIL TUBING TECHNOLOGY INC's most recent stock split was on November 8, 2011. It was a 1-for-300 reverse split, so shareholders received 1 share for every 300 they held.
COIL TUBING TECHNOLOGY INC (OTC:CTBG) has split its stock 4 times: a 1-for-10 reverse split on March 15, 1999, a 1-for-100 reverse split on October 23, 2002, a 2-for-3 reverse split on October 11, 2005, and a 1-for-300 reverse split on November 8, 2011.
COIL TUBING TECHNOLOGY INC has split its stock 4 times. This history records 4 reverse splits between March 15, 1999 and November 8, 2011.
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 COIL TUBING TECHNOLOGY INC's 1-for-300 reverse split on November 8, 2011, every 300 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.
COIL TUBING TECHNOLOGY INC has not announced a new split in our records. Its most recent split was on November 8, 2011, 14 years ago. Companies announce splits in advance, and any new OTC:CTBG split will appear on this page.