club_cafe: Reverse NAV split
HelpRegister |
club_cafe: Reverse NAV split Why would you want to do this? The unit value of a "share" in your club is
meaningless except for calculation purposes. Members buy in using dollar
amounts. They don't buy an integer number of shares. It doesn't matter to the
software if someone investing $100 gets 10 units at $10 each, 20 units at $5
each or 5 units at $20 each.
Ira Smilovitz
In a message dated 6/12/2005 1:15:10 A.M. Eastern Daylight Time,
noahjames@bivio.com writes:
Does anyone know how to double the NAV thus decreasing, by IraS1@aol.com wrote: > Why would you want to do this? The unit value of a "share" in your club is > meaningless except for calculation purposes. Members buy in using dollar > amounts. They don't buy an integer number of shares. It doesn't matter to the > software if someone investing $100 gets 10 units at $10 each, 20 units at $5 > each or 5 units at $20 each. > > Ira Smilovitz > > In a message dated 6/12/2005 1:15:10 A.M. Eastern Daylight Time, > noahjames@bivio.com writes: > Does > anyone know how to double the NAV thus decreasing, by > one-half, the > number of shares outstanding in our club? > > devojake > > Ira Thanks, nevertheless, you didn't answer my question. Can I do a reverse split on the NAV? Devojake > |
|