Aug 23, 2012
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.06 to $1.16.
The split itself did not change the total investment value.
LGX OIL PLUS GAS INC (OTC:ROAOF) operates in the Integrated oil industry.
LGX OIL PLUS GAS INC company overviewLGX OIL PLUS GAS INC's most recent stock split was on August 23, 2012. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
LGX OIL PLUS GAS INC (OTC:ROAOF) has split its stock 2 times: a 1-for-4 reverse split on August 20, 1998 and a 1-for-20 reverse split on August 23, 2012.
LGX OIL PLUS GAS INC has split its stock 2 times. This history records 2 reverse splits between August 20, 1998 and August 23, 2012.
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 LGX OIL PLUS GAS INC's 1-for-20 reverse split on August 23, 2012, every 20 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.
LGX OIL PLUS GAS INC has not announced a new split in our records. Its most recent split was on August 23, 2012, 14 years ago. Companies announce splits in advance, and any new OTC:ROAOF split will appear on this page.
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