Jul 02, 2004
1:500
For every 500 shares held, investors received 1. The price per share adjusted from $0.00 to $0.80.
The split itself did not change the total investment value.
GLOBAL DIAMOND EXCHANGE INC (OTC:GBDX) operates in the Wholesale distributors industry.
GLOBAL DIAMOND EXCHANGE INC company overviewGLOBAL DIAMOND EXCHANGE INC's most recent stock split was on July 2, 2004. It was a 1-for-500 reverse split, so shareholders received 1 share for every 500 they held.
GLOBAL DIAMOND EXCHANGE INC (OTC:GBDX) has split its stock 2 times: a 1-for-10 reverse split on June 27, 2003 and a 1-for-500 reverse split on July 2, 2004.
GLOBAL DIAMOND EXCHANGE INC has split its stock 2 times. This history records 2 reverse splits between June 27, 2003 and July 2, 2004.
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 GLOBAL DIAMOND EXCHANGE INC's 1-for-500 reverse split on July 2, 2004, every 500 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.
GLOBAL DIAMOND EXCHANGE INC has not announced a new split in our records. Its most recent split was on July 2, 2004, 22 years ago. Companies announce splits in advance, and any new OTC:GBDX split will appear on this page.