Okay, I read the PR now.
On October 25, 2007, a majority of shareholders of BioTech Medics, Inc. consented to amend the Articles of Incorporation to a 1 for 20 reverse stock split for the outstanding shares of common stock
Um, why in the world would a majority of shareholders in a pinkie vote to do a reverse split? Complete BS!
No small shareholders will be cashed out
Is this "the dividend" you spoke of? There are no further details explaining this. Does it mean you still have at least one voting share to approve another reverse split sometime in the future?
The outstanding shares (o/s) will be approximately 8.09 million at the open of today's market. The authorized shares remain at 500 million, there are no preferred shares issues.
Oh dear!
Shareholders will not be required to return their old stock certificates for new certificates; however, shareholders may voluntarily exchange their BTME shares for BMCS shares for a fee charged by Transfer Online.
Why throw more money down the drain paying for a new cert on a company that does two reverse splits in five months?
The Board of Directors together with a majority of shareholders voted on the reverse stock split to better achieve the business purposes of the Company and to increase the price of the stock to attract investors.
Do you know who is on the Board of Directors? Again, I find it hard to believe the shareholders voted for this r/s.
Contact:
Investor Relations
1-972-274-5533
Unnamed IR? Is this a one man operation?
IBAFT:The original team was chased away from completing their goals with threats of prosecution, as they engaged in unlawful acts for the purposes of exposing the naked short.
