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06/22/11 1:07 PM

#4033 RE: Ecomike #4029

Most ridiculous reason to postpone a R/S ever.

Shows how crappy this stock is.
Read it once.. and than read it again ;o))

How is a R/S bad for shareholders unless you plan to dilute on it :p


"We contemplated the reverse split to maintain our NASDAQ listing. Current market conditions indicated the reverse split is not in the best interest of our shareholders," said Edward J. Gildea, President and CEO of Converted Organics. "We understand that not effecting the reverse split means our shares may be delisted from NASDAQ, but we believe our shares will be traded on the Over the Counter Bulletin Board (OTCBB)."


http://finance.yahoo.com/news/Converted-Organics-Announces-pz-1465394045.html?x=0&.v=1