American Fire Retardant Corp Message Board

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Non-Tech : American Fire Retardant Corp

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From: dkgross	11/5/2004 10:13:16 AM
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I'm only starting this board as fair warning. My investment was wiped out in less than a year by three reverse splits. OF COURSE...I have nobody to blame but myself for not bailing as soon as I read about the first R/S (a few weeks after I bought). Since September of 2002, this company has continuously repeated the pattern of authorizing large amounts of shares, issuing press releases to attract investors, then Reverse Splitting those shares, rendering those investments worthless. Here is a quick history: AFRD - American Fire Retardant Reverse Split History Cumulative effective R/S ratio = 1:250,000,000,000 Symbol Split Ratio Date AFRN 1:2000 R/S 11/01/2004 AFRT 1:250 R/S 09/01/2004 AFRR 1:250 R/S 03/22/2004 AMFR 1:200 R/S 06/27/2003 AFRC 1:10 R/S 09/12/2002 Think about that... in just over 2 years this piece of crap has done an effective 1 for 250 BILLION share reverse split. IN MY OWN OPINION: This company needs to be halted by the SEC. DO YOUR OWN DD.

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