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[QUOTE]Originally posted by WinsumLosesum: [QB] From the 14A document: "In a written action without a meeting, the Board of Directors (the "Board") of AuGRID Corporation (the "Company") has unanimously approved on August 19, 2004 a one-to-one hundred (1:100) split of the Company's outstanding common stock (a reverse split). The Board deemed the reverse split to be advisable in order to attract the additional equity funding that the Company needs to continue operations." "A majority of the Company's stockholders, acting by written consent, has adopted the reverse split approved by the Board. The record date for the split will be September 27, 2004, and [b]the effective date of the split will be October 7, 2004.[/b]" "On September 16, 2004, the National Association of Securities Dealers, Inc. and the OTCBB were notified of the impending reverse stock split and its effective date." Bad news, but good catch, skippy. [/QB][/QUOTE]
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