Is my stock gone forever from a reverse split / bought by another company?
I'm a complete novice in regards to investing and had purchased some shares of OXIS from TD Ameritrade back in March of 2015 (NASDAQ). The company (OXIS International) became very devalued and did a "mandatory reverse split" and changed symbol to OXISD in December of that year... assuming it was delisted and moved to OTC?
Since then, the symbol disappeared from my "positions" within TD Ameritrade, as if there is no longer a record of me having anything. It seems the company sold to "GT Biopharma, Inc."
Does this mean I no longer own any shares? If I do, how would I go about finding them?
My final TD Ameritrade transaction history appears as:
03/27/2015 - Bought OXIS @ 0.0449
12/16/2015 - MANDATORY REORGANIZATION FEE
12/16/2015 - MANDATORY REVERSE SPLIT (OXISD)
12/17/2015 - MONEY MARKET REDEMPTION
Nothing else since then, however I did look into "statements" and it does show some relation to OXIS INTL:
Margin Div/Int - Securities Sold OXIS INTL
1:300 R/S 8/21/17 36254L100
Did they just turn all my previous shares into nothing basically?
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You can't own fractional shares.
If the Reverse Split resulted in you having less a full share (for example, if you had 500 shares, and they did a 1000:1 reverse split), your fractional share was cashed in (sold). That could be that 'money market' activity shown on the next day?
It is your responsibility to be prepared for a reverse split, by either selling at your desired price, or buying more shares, so you end with an integer number of shares after the reverse split.
GT BIOPHARMA, INC. ANNOUNCES REVERSE STOCK SPILT AS PART OF OXIS-GEORGETOWN PLANNED MERGER
LOS ANGELES, CA / ACCESSWIRE / August 21, 2017 / GT Biopharma Inc.
(formerly known as Oxis International, Inc.) announced today a
1-for-300 reverse stock split. Shareholders of GT Biopharma Inc.
(OTCQB: OXIS and Euronext Paris: OXI.PA) will be issued 1 share of
common stock for every 300 shares common stock that they owned.
If you owned fewer than 300 shares, they cashed you out.
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