NWFI doesnt seem that great.
it looks like if you go and buy 1 share, they'll simply give you $37.50 for it and cash you out. with the stock at $35.50 right now, you would have to buy a least a few shares to cover your commission. Anyone with less than 400 shares doesnt get to the forward split part -- the whole purpose of this transaction is to reduce their shareholder base.
-for-400 reverse stock split of Northway common stock will occur on the date that the New Hampshire Secretary of State accepts for filing articles of amendment to our Articles (such date, the "Effective Date"). As a result:
Each record holder of less than 400 shares of common stock immediately before the reverse stock split will receive from Northway cash in the amount of $37.50, without interest, for each share of common stock held immediately before the reverse stock split and will no longer be a shareholder of Northway; and
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