News Focus
News Focus
Followers 26
Posts 4070
Boards Moderated 0
Alias Born 04/16/2004

Re: barge post# 231278

Saturday, 04/20/2013 12:04:48 PM

Saturday, April 20, 2013 12:04:48 PM

Post# of 252523
You don't have your facts straight. A stock split is not contingent on shareholder approval. It does not require it as long as the authorized share count is changed in the same ratio as the split.

However, raising the number of authorized shares does require shareholder approval. The notice says they want to do that no matter what happens. So, yes, there is new information there. The company has just said they will dilute shareholders further and they do not anticipate being able to support themselves without taking the money directly from shareholders.

If you consider that mundane, so be it.
The share price would be considered mundane and will continu so under the current regime.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today