Replies to post #73032 on Value Microcaps Motherboard

[stanley01]

MLOBF stock split & insiders

Here is the link to the annual report:

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001137050-07-000010&Type=HTML

Taken directly from the annual report, this proves that the reverse stock split already occurred.
"On November 14, 2006 the name change from MIAD Systems Limited to Melo Biotechnology Holding Inc. became effective and the stock ceased trading under the symbol "MIADF". With the reverse 1:3 common stock split effective, the common stock started trading on the OTC: BB under the symbol "MLOBF." "

744,000 of the 1.2 million shares outstanding are owned by an insider. Per the annual report, 62% of the common stock (or 2.3 million shares prior to the reverse split) were held by an insider.