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Re: TrendTrade2016 post# 66

Wednesday, 11/23/2016 1:28:32 PM

Wednesday, November 23, 2016 1:28:32 PM

Post# of 2812
They Don't Have to RS, See below. Also the split is rather minimal and only due to Nasdaq compliance,which they could very well meet by getting to 1.00 bid for 10 days prior to year end.

On July 6, 2016, we were notified by NASDAQ that we were eligible for an additional 180 day period, or until January 3, 2017, to regain compliance. On August 3, 2016, our stockholders voted to allow, but not require, our Board to effect a reverse stock split of the outstanding shares of common stock at any time before January 1, 2017 by a ratio of not less than one-for-five and not more than one-for-thirty, with the specific ratio to be fixed within this range by the Board in its sole discretion. The reverse split must be executed no later than ten business days prior to January 3, 2017 unless the Company’s closing bid price was at least $1.00 for a minimum of 10 business days prior to that time. 
Volume:
Day Range:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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