BB's Stock Haven

[Grumps17]

SHAR not such great news:

2011-07-05 11:04 ET - News Release


COTTAGE GROVE, TN -- (MARKET WIRE) -- 07/05/11


Cooper Holding Corp (PINKSHEETS: SHAR), a publicly traded company engaged in the wholesale and retail sale of a diverse line of outdoor products through its wholly owned subsidiary Cooper Hunting Industries, Inc., announced that the Board of Directors has put the Company's forward stock split on hold pending a review of the impact of Penson's recent announcement that they would not clear any stock that had a price below $0.10.

The Board decided earlier this week that it must place the forward split on hold until it can examine the full impact that Penson's announcement will have on Cooper Holding Corp and its shareholders. The Board will seek to determine whether a forward split would serve to have an adverse effect on shareholders instead of the positive impact that the Company hoped to provide.

Management has indicated that the Board's review will take place over the next quarter. "The Board will be reviewing this matter through the next quarter before it commits to a course of action. However we will continue with the symbol change immediately," said Dan Cooper, President.