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Swampman
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NEWPORT BEACH, Calif., Nov. 24 /PRNewswire-FirstCall/ -- InDigiNet, Inc., (OTC Bulletin Board: IDGN - News), a provider of managed communication solutions for Small to Mid-Size Enterprises (SMEs) in the United States, announced that it has filed a notice (Form N-54A) to the Securities and Exchange Commission ("SEC") advising of its election to be governed as a business development company under Sections 55-65 of the Investment Company Act of 1940. Separately, due to the shift in corporate strategy to a "business development company," its Board of Directors has approved a capital restructure with a 1000-for-1 reverse stock split designed to provide the Company with additional flexibility primarily for merger and expansion purposes.
Posts: 69 | From: Maine | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
*Mag*
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Ellis; Thanks for the Thanksgiving R/S....
Posts: 3897 | From: New York | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

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