rumors about reverse 1:10 split.anyone else aware of that?
Heard about it. Gist of it is new more aggressive CEO and he is looking at a reverse split to remain listed and ?get share price in line with competitors. 1:10 seems to be the ?guessed at figure. Final value in the mid-teens. Haven't seen much confirmation so final outcome is still a big question. I kinda like the idea.
No, I have not heard anything of the sort. Do you have a link to your source of the “rumors”?
It's not a rumor. ETFC filed a Form 8-K on Monday announcing the appointment of Mr. Freiberg as CEO and the approval of a reverse stock split:http://biz.yahoo.com/e/100322/etfc8-k.htmlKwigley
Just been reading the Motley Fool news sites. Or Google it and you will find the latest news.
This Form 8-K tells you all you need to know:1. The Board has approved a 1 for 10 reverse split, subject to shareholder approval; and2. Such Board Resolution will be submitted to the company's stockholders for a vote, up or down, on May 13, 2010.So we'll all know the result of the stockholders' voting on this matter in about 11 days.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |