CHWY bogus
On October 13, 2009, CHWY completed a one-for-three stock split intended to position the Company for
a move to the NASDAQ stock market. Management has reported that an application has been made to
NASDAQ, and we expect to see the stock trading on NASDAQ by year-end. By splitting the stock, the
Company meets one of the Nasdaq listing requirements; a stock price above $4, where it is today, about
$4.33 per share. As of November 16, 2009 the new share count was approximately 15,463,090 basic
shares outstanding, down from 45,241,307.
Hope this helps.
This was stated on a Red Chip presentation.
The company seems to have a lot of potential.
I'm gonna check the ratios than I'll post the info on the board.
Take care
Veggix