Connexus Corporation (CNXS)

[Gaintrader]

90 day maximum to R/S, starting on 9/30 "...(for example, if you own 1,000 shares now, you will own 1 share after the reverse stock split) to occur as soon as practicable, but in no event later than 90 days after the date of this Information Statement, with the exact time of the reverse stock split and the exchange ratio of the reverse split to be determined by the Board of Directors of the Company.." Regulatory approval only takes 2-3 weeks, if the prospectus as filed passes the SEC's filing scrutiny.

As far as holding through the R/S, that's your option, but I would put any shares I had up for sale ASAP with hopes they sell. An "all or non" restriction on a sell order is not likely to be filled, as less restrictive orders will be filled first. Once the R/S has closed, insiders will be the first sellers in line and dumping heavily again too, IMO.

Good luck!