B-Scada Inc. (SCDA)

[MrT11]

Up list to the Nasdaq? This is very good news!
I hope your still in.

Monday, May 2, 2016
CRYSTAL RIVER, FL: B-Scada, Inc. (OTCQB: SCDA) ("B-Scada") today announced that the company has submitted the necessary documentation with Finra and other required agencies to execute a 1 for 10 reverse split of its common stock. The corporate action will take effect 5/2/2016. The new symbol for the company will be SCDAD. The "D" will be removed after 20 business days and the symbol will change to SCDA. The number of authorized shares and the par value per share will remain unchanged.
"Over the last few months we have had discussions with investors, advisors and our board about our capital structure. By completing this reverse stock split, we expect to gain broader access to the institutional investment community, it is also one of the required steps for us to relist on a major exchange. This strengthened position will provide us the opportunity to fund future transactions which may be required for growth of the company", said Ron DeSerranno CEO of B-Scada.