Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Teddy who wrote (34860)	11/8/1997 1:51:00 PM
From: Teddy	of 58324

My new candidate for worst stock ever: Friday November 7, 7:40 pm Eastern Time Horizontal Ventures sets reverse split NEW YORK, Nov 7 (Reuters) - Horizontal Ventures Inc said Friday it executed a one-for-220 reverse stock split as part of its Chapter 11 bankruptcy reorganization plan. Horizontal, formerly known as Petro Union Inc (Nasdaq:PTRU - news), said it has distributed 80,018 shares in the reorganized company. In addition, the former shareholders of Horizontal Ventures Inc of Oklahoma -- acquired by Petro Union in September -- and others are to receive 920,000 shares. As a result of the reorganization, 1,000,018 new shares are issued and outstanding. Horizontal said it expected its new shares to begin trading on Nov. 10, under the symbol HVNV. Horizontal is an oil and gas exploitation and production company. More Quotes and News: Nasdaq:PTRU - news; Nasdaq:HVNV - news

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