To All,
News out this morning, and another one of those unpredictable market reactions. From numerous posts on this thread, there seemed to be a general negative opinion of a potential reverse split. In my last post over the weekend, I speculated that a reverse split may become a moot issue due to the positive news concerning acquisition. I would have guessed that investor reaction would be favorable if the plans for reverse were aborted, but now the falling stock price indicates otherwise. Go figure. For me personally, I'll use this opportunity to average down...as I should have when the price was only $.19.
Advanced Gaming Technology, Inc. Announces the Management Will Not Be Implementing a Reverse Split Stock as Set Forth in the Proxy Statement
September 2, 1997 10:01 AM
DENVER, Sept. 2 /PRNewswire/ - ADVANCED GAMING TECHNOLOGY, INC. AGTI . Pursuant to the Company's news release of August 29, 1997, and the mail-out of the proxy statement for the stockholders's meeting to be held on September 17, 1997. The company announces that, pending the completion of binding agreement of the proposed acquisition by AGT, the management will not be implementing a reverse split stock as set forth in the proxy statement.
Advanced Gaming Technology, Inc. designs, manufactures, markets and services patented and propriety gaming systems, including technology advanced electronic bingo systems. The Company is a major supplier of electronic gaming systems, offering increased play potential and revenue to gaming operators. Its stock trades under the symbol AGTI on the NASD Electronic Bulletin Board. SOURCE Advanced Gaming Technology, Inc. |
