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Technology Stocks : AremisSoft Corporation (AREM) -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (391)6/15/2001 12:52:29 PM
From: Kevin Podsiadlik  Read Replies (2) | Respond to of 683
 
In the interesting timing department, apparently Bulgaria has national elections on Sunday. Greenberg passed along that ILJ suggested to him in email that this "7 million vs. 1.7 million" dispute will be definitively resolved and all will be clear once the election is over. Not sure what that means.



To: Sir Auric Goldfinger who wrote (391)6/15/2001 1:34:22 PM
From: RockyBalboa  Read Replies (1) | Respond to of 683
 
Get up! Arem to open!

6/15/2001 08:43:15 AREM AremisSoft Corporation N T3 6/15/2001 13:40:00 13:45:00

What a joke:

A soft reverse split...


The Company's Board of Directors also approved today a recapitalization of the Company, subject to shareholder approval and continued listing, where all of the Company's Common Stock will be exchanged for new shares of Class A Common Stock in a ratio equal to one share of new Class A Common Stock for each 1.1 shares of old Common Stock.


Looks like they have finally counted the people:


The Company also operates a software development and support facilities in India, with approximately 300 employees, which provides significant organizational efficiencies and cost advantages in software development and support.