Wednesday August 9, 8:30 am ET CHICAGO--(BUSINESS WIRE)--Aug. 9, 2006--James Monroe Capital Corporation (Pink Sheets:JMCP - News) has been in talks with two companies about mergers, and a third which is subject to the first two, and wishes to comment on the mergers.
Share Structure as of 08/04/2006: O/S = 28.7 Billion RESTRICTED = 20.14 Billion FLOAT = 8.56 Billion
>>> CEO Chris McGovern commented, "I wish to re-affirm my commitment not to do a reverse stock split. 99% of the reverse stock splits I've seen have been bad for micro-cap pink sheet companies. The majority of my own net worth is in this company, and 'I eat my own cooking.' Someday, when we are no longer a micro-cap company, we may choose to revisit my policy. When that day comes, we'll all be celebrating. Until that happens, no reverse splits will even be considered." <<<