Reverse Split Dilema

H

Hoofhearted

I understand how a split works- 2 for one means if I had 20 shares of XYZ @ $20 per, I would now have 40 shares at $10 per share.

I understand that a reverse split works the opposite, and my 20 shares of XYZ would become 10 shares at $40 per share.

But what if I only had one share of Google (GOOG)?

How are they gonna slice that up for me?
 
I believe you'd get cash for your 1 share.
If you had 11 shares and a 10-1 reverse split happened you'd then have 1 share and get $ for the remaining 1.
 
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