The PUDC reverse should happen "on or about" Friday, 7/31 from my understanding of the press release.
Uplisting will follow probably 45-60 days out. The CFO, Laby Wu was CFO of SNEN previously and helped take it from OTC to Nasdaq pretty quickly.
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Here's their pr on the reverse:
"Puda Coal will reincorporate from the State of Florida to the State of Delaware on or about July 31, 2009. Pursuant to the Plan of Conversion, each issued and outstanding share of common stock, par value $0.001 per share, of the Florida-incorporated Company will automatically convert into 0.142857 issued and outstanding share of common stock, par value $0.001 per share, of the Delaware-incorporated Company. No fractional shares will be issued in connection with the conversion; instead, Puda Coal will round up the fractional share to the nearest whole number. Because of the round-up treatment, no smaller shareholders will be "freezed out" as a result of the 7-to-1 conversion."
“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”
Warren Buffett
