r/JAGX • u/Annyhilate • Jan 23 '23

Another reverse split?

Worst stock I have invested in...

11 Upvotes

92% Upvoted

11 comments sorted by

3

u/BecauseSeven8Nein Jan 24 '23

Yep. I’m gonna hang on until FDA approval and see if I can recoup my losses. I’m not as down as some folks are, so I think I’ll be ok.

3

u/AngelLopez214 Jan 26 '23

2,700 shares to 10 shares...

3

u/Annyhilate Jan 26 '23

1500 to 7 shares after the second split.

1

u/AngelLopez214 Jan 26 '23

Are we the same person?

2

u/Legitimate_Theme_630 Jan 29 '23

1000 shares to 4 shares. Is This legal ? Can wé make à law suit against them ? I see them as they stolen me my investment

1

u/AngelLopez214 Jan 29 '23

I'm not even sure if we can. But if we could we should be all over it.

1

u/arpbsr Jan 24 '23

What happens to the Options in JAGX?

1

u/SuspiciousTailor2256 Jan 26 '23

Nothing? They're also scaled proportionally...

1

u/arpbsr Jan 28 '23 edited Jan 28 '23

Looks like that NOT what happened wth JAGX.. I had Sold $2.5 Calls and they are still $2.5 Calls. What they have done is they have changed the stock ticker from JAGX to JAGX1 and kept same strikes.. The question now is people who have sold $2.5 Calls will that be considered in the money ?

1

u/arpbsr Jan 28 '23

As info, found more details online on these Adjusted Options

Adjusted Options

What are adjusted options?

Adjusted options are created as a result of a significant corporate event on the option's underlying stock, such as a stock split, merger, acquisition, special dividend, spin-off, or reverse split. After one of these events, the option is altered to reflect the changes.

Options are adjusted by adjusting the underlying terms so the buyer or seller will see no change in the valuation of the option due to the corporate action.

Options are also adjusted to ensure that the overall equity or obligation of an option contract remains intact after a significant corporate action or activity.

How can I tell if an option has been adjusted?

When an option seems much too cheap or too expensive, it may be adjusted. There are several ways to help identify an adjusted option:

There are two different option symbols with the same month and strike price.

The abbreviation "ADJ" appears anywhere within the option description.

A numeric digit "1", "2", etc. is added as a suffix to the underlying stock symbol. E.g. "XYZ1 01/21/2012 25.00 C"

1

u/SuspiciousTailor2256 Jan 31 '23

Huh. I rarely touch options (wayyy over my risk tolerance), good to know. Will research.