Replies to post #1634 on UAV Corporation (UMAV)

[rbl100]

This is what it says, and it does not say it will round-up pre-split shares less than 500. Only holders of less than 500 on or before March 19th will receive round-up to 500.



FROM 6/6/07

A majority of SWNE shareholders ratified the action of directors approving the merger between Status Wines and Mariner's at its annual meeting of shareholders on May 7, 2007. In conjunction with the merger, the shareholders also approved a 500:1 reverse split of issued and outstanding common shares held as of March 19, 2007, and the rounding up of all fractional post-split shares wherein beneficial holders holding less than 500 shares as a result of the reverse split, would be rounded up to a minimum of 500 post-split shares per each pre-split beneficial holder. In conjunction with the reorganization of the Company, shareholders elected new management of the Company with Amie Hingston and Stanley Snopek to serve as member(s) of the board of directors


FROM 6/11/07
For every five hundred (500) shares of SWNE held pre-split, the beneficial holder now is entitled to one (1) post-split new share, however, the minimum number of shares that a pre-split shareholder will receive is rounded up to 500 shares, such that no shareholder shall receive a fractional share less then one share. In other words, all shareholders shall receive, at the minimum, one (1) post-split share. For example, a shareholder holding 250 pre-split shares would, without this formula, receive 1/2 share of Mariner's Choice International, Inc. common stock. Under this formula, this shareholder would receive one (1) share of Mariner's Choice International, Inc. common stock.
Only shareholders of SWNE holding SWNE pre-split shares of record, as of March 19, 2007, are entitled to the round up of fractional shares. Individual shareholders or broker-dealer participants acting on behalf of beneficial NOBO holders of SWNE who are entitled to receive the roundup of fractional shares must submit their old shares of SWNE in exchange to receive the new shares of Mariner's. The tender in exchange of pre-split SWNE shares to receive the post-split new shares of Mariner's is mandatory.

[Deanis1]

Cranberry71 The companies spin on it is BS . You can not round up someone presplit..They are idiots..How are they ever going to run a company?