When a company such as CRDS conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the CRDS split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CRDS shares, starting with a $10,000 purchase of CRDS, presented on a split-history-adjusted basis factoring in the complete CRDS split history.

About CRDS

Crossroads Systems is an intellectual property licensing company. Co.'s intellectual property assets are identified in two categories. As of Oct 31 2016, the first category, known as the '972 patent family, consisted of 31 patents and pending patents that are primarily concentrated around access controls; while the second category, known as the non-'972 patents, consisted of 140 patents and pending patents that are primarily directed to five product families: optimizing command processing, enabling interoperability, managing networks, enhancing tape libraries, and improving data systems. According to our CRDS split history records, CRDS has had 1 split.

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