posted
This was formally CDIN until a 1-8 R/S took place today. The previous share structure was 200,000,000 A/S 83,200,000 O/S 59,000,000 restricted 24,200,000 free trading
That means that the O/S is now only around 10 million, with only around 3 million free trading! That's sick!
What's even sicker is that after the split, the PPS was .0056, yet it opened this morning with 2 MM's on the bid at a nickel! And 42,500 were traded at .05. Now why in the world would that happen?? Especially after a dreaded R/S?? And why would the company R/S with such a low share structure to begin with?? They weren't diluting so that shouldn't really be a concern. So what's the story with this one?? Is a merger on the way?? Big news or investors coming?? Who the heck knows...it's pinkyland!! But I do have a good feeling about this one, especially with only 3 million tradable shares...it should fly on that alone!
Time will tell with this one.....
Posts: 596 | From: New Jersey | Registered: Apr 2006
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Tacoma, WA — Cascadia Investments, Inc. Announces Reverse Stock Split
Tacoma, WA, June 03, 2008 -- Cascadia Investments, Inc.(OTC Pink Sheets: CDIV), a property investment company, reports that NASDAQ has approved a reverse stock split of 8 for 1 effective June 03, 2008. The company's new trading symbol is CDIV.
As a result of the reverse stock split, each eight (8) shares of common stock will be combined into one (1) share of common stock. The issued and outstanding shares are now 10, 400,000 down from 83,200,000. This action is expected to help the shares trade in a more orderly market, attract new investors, and improve the valuation of the company.
About Cascadia Investments, Inc. Cascadia Investments, Inc.OTC: CDIV) is a publicly traded, real estate development company operating in the Pacific Northwest. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development or renovation of undervalued and foreclosed real estate. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Cascadia Investments, Inc. Tel: 253-383-7194 www.cascadiainvestmentsinc.com
The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of such news releases.
Posts: 596 | From: New Jersey | Registered: Apr 2006
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