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LonJandis

11/30/10 4:22 PM

#12990 RE: illini22 #12980

Ambit has not been bought out, this is a reverse merger. Ambit purchased Locan, a company intending to be listed on NASDAQ.
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Billybob_TX

11/30/10 4:24 PM

#12996 RE: illini22 #12980

That's how r/m's work...Elvis Presley Enterprises r/m'ed with a .10 stock several years ago...it went to 10.00 within a few hours.