Rapid Fitness President & CEO Anthony Mellone stated, "This is a good move for the company; it shall force all the shorts to cover and the brokers not willing to support the company to get out of our way for a while, giving us a chance to complete the restructuring of the company. This should give us increased shareholder value. As I stated before -- this will simultaneously reward our loyal shareholders and thwart any potential naked short selling activities or market abuses and force the shorts to cover. I would like to reassure shareholders that while growing the company's bottom line is our day-to-day business, we are examining any potentially negative market activities impeding our long term value, and exploring direct means of recourse."
Link for CUSIP changes (Watch for “Tri-Star Holdings”):
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