Dec 31, 2002
1:3
For every 3 shares held, investors received 1. The price per share adjusted from $0.44 to $0.15.
The split itself did not change the total investment value.
Schmitt Industries, Inc. (SMIT) trades on the Other OTC in the Hardware, Equipment & Parts industry.
Schmitt Industries, Inc. company overviewThe latest split shown was on December 31, 2002. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
This history records one reverse split, on December 31, 2002.