Advanced Life Sciences Holdings Inc. (ADLS)

[ammobox]

Andy,

Does your stock chart take in account that ADLS just had a 1 for 30 reverse stock split? or would that matter?

I'm not a chart guru and had that question on my mind. So I thought I'd ask.

If anyone else knows the answer please post 8-)


Reverse Stock Split

The Company also announced today that a 1-for-30 reverse split of its common stock will take effect at 5:00 p.m. on Monday, March 28, 2011. The Company's common stock will be quoted on the OTC Bulletin Board on a split-adjusted basis beginning upon the opening of trading on March 29, 2011, under the symbol of ADLSD.OB. After 20 business days, the symbol will revert back to ADLS.OB.

As a result of the reverse stock split, every 30 shares of the Company's common stock issued and outstanding or reserved for issuance immediately prior to the effective time will be converted into one share of common stock. Fractional shares will not be issued and stockholders who otherwise would have been entitled to receive a fractional share as a result of the reverse stock split will receive an amount in cash the closing sales price of the Company's common stock as reported on the OTC Bulletin Board on March 28, 2011.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61298566

Thanks
Ammobox