Danny,
Here is what I was talking about concerning a reverse split
from Exten's (EXTI)last 10K filed with the SEC:
<<At the Annual Meeting of Shareholders held on July 11,
1990 the shareholders approved a reverse split of the
Common Stock. The shareholders voted to exchange 7 old shares
for 1 new share. The reverse split was effective midnight,
August 31, 1990. The Company had a subsequent reverse split
of 1 for 2 effective August 10, 1991, and a 1 for 10 reverse
split effective November 30, 1992.
The table below shows the closing sales prices for Exten Common
Stock as reported by the Exchange. All prices have been adjusted
to reflect a 1 for 7 reverse split of Exten's outstanding Common
Stock on August 31, 1990 and the 1 for 2 reverse split on August
10, 1991 and the 1 for 10 reverse split on November 30, 1992.
Prices are not adjusted for six percent (6%) stock dividends for
shareholders of record November 30, 1991 and November 30, 1992.>>
Any chance that G. Newmann(sp)CEO, will do another one to get the
stock relisted on NASDAQ????How many shares were there outstanding
before the 1 for 7 reverse split, 1 for 2 reverse split, and
the 1 for 10 reverse split? A couple Billion? If you add up
all the reverse splits, it looks like there were 19 times as
many shares outstanding as there are today! Is that possible?
I don't think I have heard of another company doing this many
reverse splits? Have you?
That also makes me wonder how many if any shares Exten shareholders
receive of Xenogenics when it goes public, since they are the
subsidiary that really owns the patents???Any idea? Do any of
the new advisory board members own EXTI stock or are they just
waiting for Xenogenics to go public and get stock options?
Thanks and regards,
Shawn
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