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nodummy

03/01/11 1:07 AM

#5330 RE: Zorax #5328

(HSCO) Hi Score Corporation - 1:125 Reverse Split

Wow that was put out this morning to go into affect tomorrow morning when the market opens. The stock was already trading at $.0001. Those poor shareholders.

http://www.marketwire.com/press-release/Hi-Score-Corporation-Restructures-Its-Common-Stock-1402628.htm

Michael Zoyes actually tries to justify the split by blaming shorting of the stock earlier in the year. That's pretty sad.

samsamsamiam and I spent a lot of time looking into this so called LED company the other day. Shady stuff.


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Buckey

03/01/11 7:28 AM

#5337 RE: Zorax #5328

Hsco was a PSC pick traded over a buck a year and a bit ago
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janice shell

03/01/11 3:55 PM

#5358 RE: Zorax #5328

HSCO's reverse split was announced on the Daily List yesterday:

http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=02/28/2011

So there was advance warning, though not much. While it would be nice if all companies would announce these things themselves, the SEC can't force them to do so.