Jun 19, 2008
1:200
For every 200 shares held, investors received 1. The price per share adjusted from $0.01 to $1.20.
The split itself did not change the total investment value.
SOCIAL MEDIA VENTURES INC (OTC:SMVI) operates in the Data processing services industry.
SOCIAL MEDIA VENTURES INC company overviewSOCIAL MEDIA VENTURES INC's most recent stock split was on June 19, 2008. It was a 1-for-200 reverse split, so shareholders received 1 share for every 200 they held.
SOCIAL MEDIA VENTURES INC (OTC:SMVI) has split its stock 2 times: a 1-for-1000 reverse split on February 5, 2008 and a 1-for-200 reverse split on June 19, 2008.
SOCIAL MEDIA VENTURES INC has split its stock 2 times. This history records 2 reverse splits between February 5, 2008 and June 19, 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 SOCIAL MEDIA VENTURES INC's 1-for-200 reverse split on June 19, 2008, every 200 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.
SOCIAL MEDIA VENTURES INC has not announced a new split in our records. Its most recent split was on June 19, 2008, 18 years ago. Companies announce splits in advance, and any new OTC:SMVI split will appear on this page.