MultiCorp International Inc (MCIC)

[shortgain99]

Generally what happens with a name change is that we get a 1 for 1 share exchange. The price will stay the same, so our value will remain the same as well. The shares will be frozen in our accounts until the company clears them to our brokerages. That usually takes a couple of days, sometimes up to a week.

An earlier reply stated that no reverse split is expected. I agree, there doesn't seem to be a reason to reverse split. That does not mean that it isn't possible. What happens with a reverse split and name change is that our shares are reduced by whatever number the company decides. The price adjusts upward to match the split and our value remains the same. Reverse split are for the most part considered negative by investors.