Arotech Corp (fka ARTX) (ARTX)

[hettygreen]

A one-for-fourteen reverse split is to be considered and acted upon at the next annual meeting.

http://messages.yahoo.com/bbs?action=m&board=4687434&tid=efcx&mid=181551&sid=468 7434

If the reverse split goes into effect, they would divide your current number of shares by 14 to get your new number of shares. For example, if you now have 10,000 shares you would then have only 714.29 shares; today's $0.35/share would be increased to $4.90/share.The new lower number of shares times the new higher share price would remain the same as the old number of shares times the old share price. There is no advantage for the stockholders. The advantage for the company is that it would prevent delisting from the NASDAQ and make it easier for them to sell more warrants to raise more money - which would further dilute the value of the stockholders' investment.

It's NOT a good thing for the stockholders!