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To: D. K. G. who wrote (410)1/12/2008 8:54:15 AM
From: D. K. G.  Read Replies (1) | Respond to of 484
 
Clarkston Financial Corp. $7.25 (CKSB.OB) 1-110 R/S cash out $11

N.B. - Shares in street name will not work.

secinfo.com

Q: What if my shares are held in "street name" through a broker, bank or other nominee?

A: If your shares are held in “street name” through a broker, bank or other nominee (a “broker”), the effect of the Recapitalization on your shares may be different than for record holders. You should contact your broker (1) to determine whether or not your shares are eligible to be cashed out in the Recapitalization and (2) to instruct the broker as to how you would like to proceed. If a broker is the record holder of 111 or more shares on March [•], 2008, the shares held by the broker will not be cashed out in the Recapitalization.

If you hold less than 111 shares in “street name” and you want to ensure that you will be cashed out in the Recapitalization, you may transfer your shares out of “street name” and into a record account with the Company far enough in advance so that the transfer is complete by March [•], 2008.

Regardless of whether your shares are held in “street name” or in a record account, you will not be cashed out in the Recapitalization if you own 111 or more shares in at least one account on March [•], 2008.



To: D. K. G. who wrote (410)2/6/2008 7:46:38 AM
From: D. K. G.  Read Replies (2) | Respond to of 484
 
MagStar Technologies, Inc. Completes Its 1 for 2000 Reverse Stock Split

February 05, 2008: 06:49 PM EST

HOPKINS, Minn., Feb. 5 /PRNewswire-FirstCall/ -- MagStar Technologies, Inc. (the "Company") announced today that it has effected a 1 for 2,000 reverse stock split as of the close of business on February 5, 2008. Pursuant to the reverse stock split, each 2,000 shares of the Company's common stock were converted into one share of common stock and owners of fewer than 2,000 shares of common stock as of the close of business on February 5, 2008 are entitled to receive cash of $0.425 per pre-reverse stock split share. The reverse stock split is a part of the "going private" transaction the Company is completing, whereby the Company intends to file a Form 15 with the Securities and Exchange Commission to terminate its filing obligations under the Securities and Exchange Act of 1934.

Although the reverse stock split occurred as of the close of business on February 5, 2008, the Company does not anticipate that the reverse stock split will be reflected on the Over-the-Counter Bulletin Board ("OTCBB") until later in the week, likely Thursday, February 7 or Friday, February 8. Until the appropriate adjustment is made on the OTCBB, investors should take caution in trading the Company's securities and should be aware that any such trades in the Company's securities will be reflected on a pre-reverse stock split basis, even though the reverse stock split has become effective.

About MagStar:

MagStar is a manufacturer of conveyors, motion control devices, spindles, and custom servo motors. MagStar's primary product is Quickdraw brand conveyor systems, used in factory and laboratory automation. MagStar also manufactures customized motion control products (custom servo motors and linear slides), disposable based medical centrifuges and devices, and its other proprietary product, oil centrifuges. Products manufactured by MagStar are used in high tech manufacturing, laboratory and pharmaceutical processes, electronics assembly, surgical procedures, and laboratory processes.

The information in this discussion may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements that are not of historical fact may be deemed to be forward-looking statements. Actual events or results may differ materially from the anticipated results or other expectations expressed in the forward-looking statements. In evaluating these statements, you should consider various factors, including the risks included from time to time in other reports or registration statements filed by the Company with the United States Securities and Exchange Commission. These factors may cause the Company's actual results to differ materially from any forward-looking statements.