This is what Mario said... "New...! The new consolidated financial statements will be used to decide upon the value of the stock at the opening and the conversion will be as follow:
We anticipate to offer a conversion of $0.01 per share that you currently of the shares that you currently own and shares that you can provide us with valid stocks certificates. This should be an incentive. In the future we will give to exiting shareholders an opportunity to purchase shares at a discount directly from the new company for a limited time only. The new entity has a different name and the symbol will change too! We cannot deal with the 3 1/2 years interferences from the previous management (Walter Davis Group) anymore! Further explanation will come as soon as we can provide it!
P.S. The reason for asking for actual certificates is that our stock as been shorted by far in the last several years and we want to make sure that the shares exchanged were legally obtained. For your information I am doing this exchange as a courtesy to the shareholders that have supported my efforts to protect us from previous management!"
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.