When a company such as SLTC 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 SLTC 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 SLTC shares, starting with a $10,000 purchase of SLTC, presented on a split-history-adjusted basis factoring in the complete SLTC split history.

About SLTC

Selectica provides cloud-based software solutions. Co. provides SmartContracts®, SmartSource® and SmartAnalytics®. Selectica SmartContracts combines a single, company-wide contract repository with a workflow engine capable of supporting each organization's contract management processes. Selectica SmartSource provides for the ongoing management of those relationships to ensure compliance with SLAs and other internal and external requirements. With Co.'s Selectica SmartAnalytics, users can view, manage and create reports and analytics that provide business insiders across Selectica solutions. According to our SLTC split history records, SLTC has had 1 split.

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