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[posting]27276058[/posting]Nexia's board had determined that it would be in the Company's best interest in the near future to conduct a reverse split of its common stock on up to a one for ten basis and has received the consent of holders of a majority of the voting rights of the Company's securities to authorize the board to conduct such a reverse split in the Board's discretion. The board believes that a reverse split would provide for the combination of the presently issued and outstanding shares of common stock into a smaller number of shares of identical common stock. This process, that is known as a reverse split, would take up to ten shares of the presently issued and outstanding common stock on the effective date of the amendment to the articles of incorporation that would carry out the reverse split and convert those shares into one share of the post-reverse stock split common stock. |
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| aus der Diskussion: | NEXIA HOLDINGS INC. |
| Autor (Datum des Eintrages): | 360 (29.01.07 18:23:30) |
| Beitrag: | 30 von 728 (ID:27277893) |
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