This action means that our shareholders can still trade shares, however not through trading through broker dealer handled transactions.
So, how does one trade shares held at a broker when said broker can't handle them? Does Oreo want holders to request certs?
Orie Rechtman, CEO commented: “We have a plan
The plan is fraught with problems. What subsidiary of the company will be used to register shares? The one with the least assets? The dividend of stock of the subsidiary will have little value most likely. The present shares of the company have no value at this point other than to qualify for the proposed dividend. There is no assurance that two broker/dealers can be "found" to represent the new subsidiary shares.
So do you think this will work?
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