ARCC...Allied Riser Communications inc. of Dallas.
Last August they announced a tentative merger agreement with Cogent Communications, a private company.
When the merger is completed, shareholders of ARCC at to receive shares of Cogent.
But, then as now, details are really sketchy.
They had no merger date and the ratio of share distribution remains an unknown number.
I put it on my watch list just to keep on top of any developments and, today, they came out with a PR.
On January 31, a special shareholders meeting will be held to vote on the merger, but aside from that, the details are still sketchy.
ARCC was a NAZ listed stock, but their listing was in jeopardy because of the share price, .17 at today's close.
They may have already been delisted.....I haven't looked yet...:)
Anyone doing further DD on this company, please post the info.
Meanwhile, I'll be waiting for the results of the voting...
TIA
"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD
