On Friday, I had 2.6306235 shares of apple. On saturday, my old shares were converted to new and the fraction part was sold.
2.6306235*4=10+0.522494
Thus my account had 10 new apple shares and 0.522494 fractional new share left was sold for 13 euros!!
1 new stock of Apple closed at 125$ (105 Euros) on Friday. Please clarify me, if 0.522494 sold of new apples were share which are worth close to 52 Euros why I was paid out 13 ??
Could you tell me how to check the change in cash position in the app?
I personally feel the way the split has been handled is not clear/transparent and therefore the questions are being raised. I have friends using other app where they just multiplied the fractional share and allowed people to keep it. This may be helpful in future
Currently, I dont feel 100% convienced but I will trust @David and @Vedran
Hi, Iβm virtual money account and thereβs some problems with the split.
Is this just specific to virtual money account or is it supposed to be normal ?