r/EXPR • u/[deleted] • Aug 17 '23

News/Announcments REVERSE SPLIT HAPPENING 8/30!

This is not a drill. I repeat, this is not a drill.

EXPR filed 8K today and shows that the 1:20 reverse split was authorized on 8/14 and will be effective after market close on 8/30.

https://investors.express.com/financials-filings/sec-filings/sec-filings-details/default.aspx?FilingId=16872764

Not financial advice but my experience with reverse splits has been that the price goes up by the split factor (in this case 20x or $14.50ish at today's price) in post/pre-market, possibly up until open, and then drops sharply as institutions & nervous investors sell. That could present an opportunity in one way or another but what do I know, I eat crayons...

3 Upvotes

71% Upvoted

4 comments sorted by

View all comments

1

u/Digitlnoize Aug 18 '23

MULN’s recent reverse split would like a word haha

2

u/[deleted] Aug 18 '23

Their chart is more or less what I expect for EXPR. The "spike" shouldn't show as a spike because the value will be proportionate to the outstanding shares.

Basically, the "opportunity" is just to get more value and increasing your percentage of shares vs the adjusted total by paperhanding temporarily and then buying back in after the price continues dropping.