GBSN no approve AS increase, votes R/S
GBSN votes R/S tween 1:50 to 1:60
08:22 AM EST, 12/09/2015 (MT Newswires) -- Great Basin Scientific (GBSN) shares were higher nearly 7% in recent pre-market trade after saying its shareholders have approved a reverse stock split at a ratio between 1-for-50 and 1-for-60, to be decided by the board.
The molecular diagnostics company said shareholders didn't approve increasing the company's authorized shares to 950 million from 200 million.
The reverse split will also cure the company's previously announced authorized share failure and the series C warrants will become exercisable for the following 25 trading days.
GBSN trades near the bottom of the 52-week range between $0.05 and $6.10.
Price: 0.12, Change: +0.01, Percent Change: +6.7
The greatest deception men suffer is from their own opinions.
~ Leonardo da Vinci
