Gilman Ciocia Inc (fka GTAX)

[Chappy86]

al8james, here's what I found on the OTC site,

"The merger is subject to approval by Gilman Ciocia's shareholders and customary regulatory approvals. The transaction is expected to close during National Holding's late fiscal fourth quarter or early fiscal first quarter.

From my limited knowledge, there's two pieces here 1) the vote which took place today and 2) the closing which If everything is consummated according to the companies stipulations an the debt is paid at the time of closing, then I believe the symbol needs to change. The stop would occur after the closing and the shares for listed shareholders as of a certain date will receive a percentage of National's shares for each GTAX share. It's listed in the agreement.

I'd check with HDOG for a confirmation of my info as he is the most knowledgeable on these issues.