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Re: myspaceaholic post# 3504

Thursday, 06/24/2010 11:25:40 PM

Thursday, June 24, 2010 11:25:40 PM

Post# of 6674
Hmmm, I guess that was you're opinion as well...

NO REVERSE SPLIT ON BBI STOP SPECULATING, ONLY WRITE ABOUT FACTS NOT YOUR OPINION.



Blockbuster shareholders OK reverse stock split

On Thursday June 24, 2010, 7:12 pm EDT
DALLAS (AP) -- Struggling video rental chain Blockbuster Inc. said Thursday that preliminary results show its shareholders approving a proposed reverse stock split that will enable it the shares to keep trading on the New York Stock Exchange.

A ratio has not been set. But Blockbuster suggested a range between 1-for-15 and 1-for-25 in an earlier filing.

The shares fell 2 cents, or 5.3 percent, to 27 cents in after-hours trading Thursday after ending regular trading unchanged at 29 cents.

Shareholders voting at Blockbuster's annual meeting approved combining Class A shares and Class B shares into a single class of stock at a ratio of 1-for-1.