have wondered for a while now why MIHL didnt do a reduction until now from 20 billion to 5 Billion and the only reason i could think of is that MIHL needed a backup plan to pay for aquisitions and business expenses just in case funding wasnt going to work out. Since the reduction is for certain, does this mean funding is pretty definite? strategically i could understand considering the timing.
Subject: RE: FINRA Preliminary Review of Corporate Action - Montague International Holding Ltd. (MIHL) From: OTC Corporate Actions <otccorpacons@finra.org> Date: 9/24/2012 1:35 PM To: "'lsaltsova@montagueholding.com'" <lsaltsova@montagueholding.com>
The current submission will be cancelled as this type of transaction is not a reportable corporate action. No further notice needs to be given, and no announcements will be made to the marketplace. In order to have the preferred assigned a symbol, the security must be registered and/or a market maker request a symbol for trading purposes. FINRA REJECTION