whats going on with my verenium stock?

A

anonymousadrian

i bought 370 share of VRNM at 1.10 back in Feb.

i just checked my scottrade account and i dont have a price for my position on vrnm.. it says N/A

now vrnm changed to vrnmd which is now trading around 7 dollars.
yesterday the 1:12 reverse stock split took effect.

can someone explain what is going on?!
 
ok so now i do have a position for vrnmd for 30 share at 7.35.

i understand the reverse stock split which is why i now have 30shares from 370 shares.

which equals balances out from the old position i had
370 share X .60=222
with the new
30 share X 7.36= 220

Verenium also plans to change the name back to vrnm in october.

is there any strategy to profit from this stock? should i cash out? what are they trying to do?
 
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