On October 14, 2004, the Registrant approved a one thousand for one reverse stock split on its $0.001 par value common stock. The reverse stock split applies to shareholders of record on October 15, 2004 and will be effective on October 25, 2004. After the reverse stock split, the Registrant will have approximately 2,733,899 shares outstanding.
They'll have 2.7 million shares outstanding alright, for about 5 minutes. Then they'll start dumping all over again.
posted
Hey UpMan, nice low float. You should play it, any volume will send it flying. LOL!
quote:Originally posted by Upside: From their current 8-K filing:
On October 14, 2004, the Registrant approved a one thousand for one reverse stock split on its $0.001 par value common stock. The reverse stock split applies to shareholders of record on October 15, 2004 and will be effective on October 25, 2004. After the reverse stock split, the Registrant will have approximately 2,733,899 shares outstanding.
They'll have 2.7 million shares outstanding alright, for about 5 minutes. Then they'll start dumping all over again.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
How bad can a company be, which has to reverse split its stock twice in 3 months and on the first day after the reverse split it loses 60% of price.
Scam scam and scam written all over
Posts: 120 | From: Woodland Hills CA USA | Registered: Jun 2004
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