Wednesday, June 20, 2007 2:47:27 PM
As previously reported, the majority shareholders of SWNE ratified the 500:1 reverse split on May 7, 2007.
In an email communication received from NASD dated Wednesday, June 13, 2007, it was stated:
"...Trading of this security was on a pre-split/pre-name change basis until our effective date on 6/4/2007... All trading in the marketplace through the close of business of 6/3/2007 was on a pre-split basis...."
Further discussion with NASD was held on Friday, June 15, 2007, to confirm that the Ex-Date, therefore, is the closing of business on June 3, 2007, and MCII took effect as at the opening of business on June 4, 2007. From June 4th onward, market activities under MCII are on a 1:1 basis.
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