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Message Subject Hooters is owned by Charlotte, NC based Biotechnology company, Sonnet BioTherapeutics . They had a high of around $54,000 in 2005, to $3.03 today
Poster Handle Anonymous Coward
Post Content
Just going thru some stocks and saw this.
[link to www.bloomberg.com (secure)]


They had a high of around $54,000 in 2005, to $3.03 today.
 Quoting: Anonymous Coward 74967224


Okay. You're clearly not an expert in stocks so I'll explain

What they did was go through what is called a reverse split. They just did a 27 to 1 reverse split

So for every 27 shares you had you now had one. But the price was 27 times higher

So that 54,000, was never an actual price that they ever hit.. they hit 2000 once, but after that 27:1 split, it looks like 54,000

And the company's been on a downswing ever since
 Quoting: Anonymous Coward 72761898




Go look at the historical chart, Cleetus.
 
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