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Re: CiscoTrader post# 5219

Thursday, 04/09/2009 2:22:07 PM

Thursday, April 09, 2009 2:22:07 PM

Post# of 36237
The amendment said:

"Immediately upon the filing of these Amended and Restated Articles of Incorporation, each five hundred (500) shares of the Common Stock of the Corporation shall become one (1) share of the Common Stock of the Corporation."

Note the word "immediately." I don't know Colorado law but in Florida, for example, it is clearly stated, on the state form, that the amendments must go into effect within 90 days. I don't know if there is a similar "grace" period with CO. Another company, Coroware, announced a reverse split effective on 04/08. They had in a previous SEC filing said they were considering it. They are a Delaware corporation and filed the amendment with the state of Delaware on 01/23/2009 but did not announce it to the public until 04/07. No split can happen without appropriate and necessary filings, I believe with FINRA. I do not know if the company can voluntarily stop trading on its stock. Who knows what will happen here.

My posts are my opinion. Try not to be influenced by anything you read on any message board website unless you can confirm it.

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