Loudeye Corp. (LOUD)

[IAMSAM]

Loudeye enacts 1-for-10 reverse stock split

Tuesday May 23, 12:06 pm ET

In an effort to maintain compliance with NASDAQ stock exchange minimum listing requirements, officials at Loudeye Corp. said they're offering a one-for-10 reverse stock split.
The Seattle digital media company's stock symbol has changed from "LOUD" to "LOUDD."

The company's shares had been trading below the NASDAQ minimum bid price of $1 per share. Loudeye's common shares have been reduced from 132.6 million to 13.3 million.

Published May 23, 2006 by the Puget Sound Business Journal



*****

.35 prior to r/s. (1 for 10) ... 10 X .35 = 3.50

Current PPS 1.80 = .18 ... that's a 50% haircut since the r/s.

So much for regaining NAS listing.