I bought 100 @ .10 UTNF. So did a whole bunch of other people. Checking the depth of trades a large majority of the trades were 100 share trades today. Here's a little piece of their 14c filing 12/05/2006:
"If the market price of our stock declines after the implementation of the reverse split, the percentage decline as an absolute number and as a percentage of our overall
market capitalization may be greater than would be the case in the absence of the reverse split. Further, the fact that we have no revenue, and no assets and may greatly impact our stock price and the ability to liquidate your shares."
" In conjunction with the reverse stock split, no holder shall have less than one round lot, 100 shares, after the reverse split.
Shares Prior Shares after
to reverse Split reverse split
---------------- -------------
50 100
100 100
2,000 100
20,000 100
200,000 100
200,001 101
Only stockholders of record as of the date of the Reverse Split shall be
afforded this special treatment. The expected date of the Reverse Split is
December 15, 2006."
I think I should have bought 50.
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