peter, you're absolutely right! It did to a reverse split. I actually forgot about it. LOL I'd sold all but 350 shares of QRUS off months and months ago. Just decided to hold on to those for a lottery play. QRUS 8K'd that there would be a 1:50 R/S but that no shareholder would be left with less than 100 shares. So, my $14.35 that I paid for those shares got sold yesterday for $999.00 (100 X 9.99). I shoulda held out and would have gotten at least $15 a share for it. It was a reverse merger play, and you are correct, there was a reverse split. A better example would have been SPEA. They basically had no float either. That's closer to our situation.
JJ
Posted by: petermic
In reply to: JJSeabrook who wrote msg# 30326 Date:8/4/2006 10:12:04 PM
Post #of 30374
DXFN reverse split 1:50, didn't it JJ?
Also, the increase in the number of authorized shares of the Company's Common Stock, the mandatory conversion of Preferred Stock issued in conjunction with the Company's exchange transaction with VMdirect, LLC, and a 1-for-50 reverse stock split will become effective as of August 2, 2006. Accordingly, as of August 2, 2006, the post-reverse-stock-split Common Stock of the Company will start trading on the Over-The-Counter Bulletin Board, and there will be a total of approximately 22,074,456 shares of Common Stock issued and outstanding.
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