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Re: LGL8054 post# 10818

Wednesday, 03/12/2014 1:37:55 PM

Wednesday, March 12, 2014 1:37:55 PM

Post# of 111920
I don't believe they changed the timing. On 2/26 They stated that they filed the paperwork and that the split would not occur until at least the end of the quarter. Much like the ticker change a lot of this is out of their hands and they must wait until all of the paperwork is reviewed and approved by FINRA and SEC.

As far as poster who spoke with Dror, I can understand them saying something in passing about why they chose 30-1 and how that may change depending on what happens between now and the end of the month. Obviously if the share price is $2/share by the end of the month (not saying it will be)it might make sense to reconsider the ratio of the split.