Mar 21, 2013
1:50
For every 50 shares held, investors received 1. The price per share adjusted from $0.01 to $0.47.
The split itself did not change the total investment value.
Sanwire Corp. (OTC:SNWR) operates in the Computer communications industry.
Sanwire Corp. company overviewSanwire Corp.'s most recent stock split was on March 21, 2013. It was a 1-for-50 reverse split, so shareholders received 1 share for every 50 they held.
Sanwire Corp. (OTC:SNWR) has split its stock 7 times: a 1-for-4 reverse split on June 14, 2001, a 1-for-2 reverse split on October 31, 2001, a 1-for-10 reverse split on June 24, 2002, a 1-for-300 reverse split on February 7, 2005, a 1-for-2000 reverse split on November 4, 2008, a 2-for-1 split on March 31, 2010, and a 1-for-50 reverse split on March 21, 2013.
Sanwire Corp. has split its stock 7 times. This history records 7 splits between June 14, 2001 and March 21, 2013.
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 Sanwire Corp.'s 1-for-50 reverse split on March 21, 2013, every 50 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.
Sanwire Corp. has not announced a new split in our records. Its most recent split was on March 21, 2013, 13 years ago. Companies announce splits in advance, and any new OTC:SNWR split will appear on this page.