Apr 24, 2008
1:100
For every 100 shares held, investors received 1. The price per share adjusted from $50.00 to $5000.00.
The split itself did not change the total investment value.
FUNR (OTC:FUNRD) operates in the Telecommunications equipment industry.
FUNR company overviewFUNR's most recent stock split was on April 24, 2008. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
FUNR (OTC:FUNRD) has split its stock 4 times: a 1-for-10 reverse split on October 23, 1995, a 1-for-10 reverse split on April 5, 2005, a 1-for-150 reverse split on August 28, 2007, and a 1-for-100 reverse split on April 24, 2008.
FUNR has split its stock 4 times. This history records 4 reverse splits between October 23, 1995 and April 24, 2008.
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 FUNR's 1-for-100 reverse split on April 24, 2008, every 100 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.
FUNR has not announced a new split in our records. Its most recent split was on April 24, 2008, 18 years ago. Companies announce splits in advance, and any new OTC:FUNRD split will appear on this page.