CAML lovers Where are you? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : CAML lovers Where are you?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Philip Pasteur who wrote (1400)	6/11/1997 8:39:00 AM
From: Mighty_Mezz	of 1541

Link from quote.com for the PRE 14A is: edgar-online.com I don't know if password is neccesary for this door. From the doc: The following resolution will be offered by Management pursuant to the Board of Directors resolutions at the meeting: "RESOLVED, that the outstanding common shares of the Company shall have a one for forty reverse split;" The NASDAQ Stock Market has approved changes to the maintenance listing standards for issuers listed on NASDAQ. They can be found on the NASDAQ web page at nasdaq.com under the section referring to listing standards. Your Company satisfies all the amended requirements, including the corporate governance standards that will now be applied except for the minimum share price. In the past this minimum number has been an alternative of $1.00 per share or a minimum asset number which your Company satisfies. The new rules which the Board has every indication shall become effective shortly, if not by the time of this Special Meeting, require the Company to increase its share price to at least the $1.00 level because there is no alternative to the required share price. There is no guarantee that a reverse stock split will result in the $1.00 per share price being achieved and the Company meeting or continuing to meet Nasdaq's new listing requirements. The Board recommends the reverse stock split of one new common share for forty of the present common shares.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next