SNES: SenesTech has announced a one for twenty reverse split effective February 04, 2020. We have adjusted our data to reflect the reverse split.

By Ian Gilson, PhD, CFA

NASDAQ:SNES

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On February 5, 2020, SenesTech SNES stated to trade on a split adjusted basis. All shares will be converted into the new shares but fractional shares will be rounded UP to one whole share.

We have adjusted our target price to $20 a share.

The reverse split takes the share price above $5 so as long as the price remains above $5 a sophisticated investor note is not required.

Also the new price removes the potential problem of delisting.

We have adjusted all financial data, past present and future to reflect the new stock price.

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