Jun 22, 2005
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.00 to $0.03.
The split itself did not change the total investment value.
DRAYTON RICHDALE CORP (OTC:DRYN) operates in the industry.
DRAYTON RICHDALE CORP company overviewDRAYTON RICHDALE CORP's most recent stock split was on June 22, 2005. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
DRAYTON RICHDALE CORP (OTC:DRYN) has split its stock 2 times: a 1-for-4 reverse split on April 16, 2004 and a 1-for-10 reverse split on June 22, 2005.
DRAYTON RICHDALE CORP has split its stock 2 times. This history records 2 reverse splits between April 16, 2004 and June 22, 2005.
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 DRAYTON RICHDALE CORP's 1-for-10 reverse split on June 22, 2005, every 10 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.
DRAYTON RICHDALE CORP has not announced a new split in our records. Its most recent split was on June 22, 2005, 21 years ago. Companies announce splits in advance, and any new OTC:DRYN split will appear on this page.
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