Wednesday, May 20, 2009 7:15:52 PM
I was informed of some DD that was definitely not initially taken to be positive, but before posting, I wanted to verify such to be true. I verified... and yes it is true. EFUL is going to be executing a 1 to 40 reverse split. The Authorized shares (AS) will be reduced down to 300 million shares at such time.
The company filed for a reverse split to be effective on 1 June 2009 as verified in the link below under the amendment link dated for 04/22/2009:
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P97000082726&inq_came_from=NAMFWD&cor_web_names_seq_number=0004&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=EFUEL&names_filing_type=
Last I checked, that amendment was not there, but I must admit that it was months ago since I had last checked. Sorry for being a little slow in just now finding this out.
Make no mistake about it… stocks that generally execute a reverse split usually go to the gutter. However, with EFUL, I think the outcome will be different which is why I am willing to maintain my position and weather the storm. I will trust my due diligence (DD) here with EFUL. I think the Super 8(a) and their future marketing campaign will successfully get us through this.
Also, make no mistake about it... I am not happy about the reverse split AT ALL!!!
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35466209
FEATURED North Bay Resources Announces Federal (MSHA) Approval of Mt. Vernon Gold Mine Operational Plan and Commencement of Production, Sierra County, California • Oct 21, 2024 9:00 AM
Hydromer, Inc. Announces the Restructuring and Formation of World-Class Research and Development Division to Drive Innovation and New Product Development • HYDI • Oct 21, 2024 9:00 AM
SANUWAVE Announces Reverse Stock Split, Note and Warrant Exchange, and PIPE Offering • SNWV • Oct 18, 2024 9:31 AM
Vocodia Addresses Recent Stock Price Movement and Future Strategic Partnerships • VHAI • Oct 18, 2024 9:00 AM
Mass Megawatts Announces the Start of an Online Discount Solar Energy Equipment Business with Revenue Recognized for the First Time Since Year 2010 in this Fiscal Quarter • MMMW • Oct 18, 2024 7:32 AM
Unitronix Corp Advances DeFi Innovation with Tokenized Real-World Assets Integration • UTRX • Oct 17, 2024 7:38 AM