Cumulus stock worth less than a candy bar !!! - Page 5
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Thread: Cumulus stock worth less than a candy bar !!!

  1. #41
    Quote Originally Posted by Jonathan7157 View Post
    Besides, they will fall down from 2nd place, to 3rd largest radio owner soon. Why? Entercom will surpass them after the merger!
    Entercom: IMHO will pass everybody in what really counts profitability and serviceability. Both CC / iHeart and the cloud company merely exist to service debt. Like trying to bail out the Titanic with a Dixie cup.

  2. #42
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    Quote Originally Posted by DavidEduardo View Post


    That's not how a reverse split works. "They" didn't get the other 7. If there were 7 million shares before, there are 1 million now. The idea was to have each new share worth 7 times the value of one previous share.

    Share price does not determine the survivability of a station group. The balance sheet and P&L decide that.
    That is not the case at all. For one share to be worth $1 then the 7 other shares would be what, 15 cents.... if one share is now equal to 8.
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  3. #43
    Quote Originally Posted by gregg75 View Post
    That is not the case at all. For one share to be worth $1 then the 7 other shares would be what, 15 cents.... if one share is now equal to 8.
    A reverse split is not done that way.

    If XYZ, Inc. has 7,000,000 shares outstanding (issued) and they do a 1 for 7 split, they will then have 1,000,000 outstanding shares. Every shareholder electronically "turns in" their shares and are issued the new post-split shares.

    So if you had 1,000 shares before the split, the old shares are cancelled and in their place you get 142.85 shares.

    On the market, if the shares of XYZ had been selling for $1 before the reverse split, the second the split happens, each new share of XYZ, Inc (made up of 7 old shares) will start trading at $7.00 per share.

    The old shares are gone, cancelled and deleted. They have been exchanged for new shares, each worth 7 times the value of an old share.

    In the specific case of Cumulus, they now have 29.31 million new shares: pre-split they had slightly less than 210 million old shares.
    Last edited by DavidEduardo; 02-21-2017 at 11:40 PM.
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  4. #44
    Quote Originally Posted by Jonathan7157 View Post
    Besides, they will fall down from 2nd place, to 3rd largest radio owner soon. Why? Entercom will surpass them after the merger!
    That really does not matter at all.
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