News Focus
News Focus
Followers 1
Posts 166
Boards Moderated 0
Alias Born 05/18/2008

Re: StockWatcher post# 1488

Monday, 10/18/2010 12:15:53 PM

Monday, October 18, 2010 12:15:53 PM

Post# of 263860
From todays PR.

"We have contracted with Broadridge Financial Solutions, Inc. to advise all shareholders and their brokers every action taken regarding the Corporate Action to buyback 99% of the Common Shares. We have also advised all other shareholders via mailing and public press releases each step of the way during the implementation of this Corporate Action, and have communicated and explained to the responsible authorities the outcome of this Corporate Action. We strongly believe that the Company's Market Capitalization will now be adjusted per the above mentioned Market Capitalization Table.

So the brokers will receive notices this week of the share reduction. As of right now they still believe there is 43 billion O/S. Don't forget your shares will be reduced by 100 to 1. So this will probably still take 2 weeks to be resolved at the brokers end.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y