This is a case study in which students can apply their understanding of accounting for stocks to a situation involving a real-world company’s reverse stock split. Students apply accounting principles to the valuation of stock at par value before and after the reverse stock split. They will discuss the decision of the company to discontinue its NASDAQ listing and determine why the company chose that alternative. Students will learn to identify stock prices to determine when a stock split has occurred. Students will determine the effect of the reverse stock split on total Stockholder’s Equity.