Frontier also announced that its Board of Directors has approved and will place before Frontier’s stockholders at the May 2017 Annual Meeting a charter amendment for a reverse stock split of Frontier Communications common stock. The charter amendment will provide for a reverse stock split ratio between 1-for-10 and 1-for-25, with the Board designating the final ratio within 90 days after the charter amendment is approved by stockholders. Concurrent with the reverse stock split, the conversion ratio of Frontier’s Series A 11.125% Mandatory Convertible Preferred Stock will automatically be adjusted proportionately.
Hey Big Toe I have always been honest on my post about the long term outlook and the dividend......see the stock is down another 33% since my post and 50% since I started trying to warn everyone what was happening in the trenches.....another 25% drop and i will also be in the market to by this turd of a company...still never received or was reimbursed for the movies I purchased....still never got the rebate the offered me....trust me when I say again existing customers are leaving fast....they will have to create new relationships with new customers and handle them well and they will be fine
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