REVERSE SPLIT IS GREAT!!
Now, that they have paid the man...the nucon billion dollar project is onnnnn.
VANCOUVER, British Columbia, May 2, 2006 (PRIMEZONE) -- Stafford Energy, Inc. (the "Company") (Pink Sheets:SFDE) announces that it has settled outstanding indebtedness of US$10,000 owing to its C.E.O., Mr. Richard Connors, through the issuance of shares for debt. The Company issued 5,000,000 Preferred Convertible Class A shares to Mr. Connors at a deemed price of $0.002 per share. These shares were subsequently converted to common shares of the Company on a 10 for one basis resulting in the issuance of a total of 50,000,000 common shares in settlement of the outstanding indebtedness. The effective date of the issuance and conversion of the Preferred Convertible Class A shares was March 2, 2006.
AT&T had a reverse split
NEW YORK (CNN/Money) - A one-for-five reverse stock split propelled shares of AT&T to $25 Tuesday as the company returned to its long-distance phone service roots a day after officially shedding its cable assets.