Tuesday, November 02, 2004 10:00:53 PM
Since September of 2002, this company has continuously repeated the pattern of authorizing large amounts of shares, issuing press releases to attract investors, then Reverse Splitting those shares, rendering those investments worthless.
Here is a quick history:
AFRD - American Fire Retardant Reverse Split History
Symbol Split Ratio Date
AFRN 1:2000 R/S 11/01/2004
AFRT 1:250 R/S 09/01/2004
AFRR 1:250 R/S 03/22/2004
AMFR 1:200 R/S 06/27/2003
AFRC 1:10 R/S 09/12/2002
This company needs to be halted by the SEC.
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