Mar 04, 2005
1:40
For every 40 shares held, investors received 1. The price per share adjusted from $0.02 to $0.64.
The split itself did not change the total investment value.
Reynaldos Mexican Food Company, Inc. (OTC:RYNL) operates in the Food: major diversified industry.
Reynaldos Mexican Food Company, Inc. company overviewReynaldos Mexican Food Company, Inc.'s most recent stock split was on March 4, 2005. It was a 1-for-40 reverse split, so shareholders received 1 share for every 40 they held.
Reynaldos Mexican Food Company, Inc. (OTC:RYNL) has split its stock 3 times: a 1-for-15 reverse split on April 15, 1998, a 1-for-3 reverse split on March 9, 2004, and a 1-for-40 reverse split on March 4, 2005.
Reynaldos Mexican Food Company, Inc. has split its stock 3 times. This history records 3 reverse splits between April 15, 1998 and March 4, 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 Reynaldos Mexican Food Company, Inc.'s 1-for-40 reverse split on March 4, 2005, every 40 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.
Reynaldos Mexican Food Company, Inc. has not announced a new split in our records. Its most recent split was on March 4, 2005, 21 years ago. Companies announce splits in advance, and any new OTC:RYNL split will appear on this page.
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