agree , take the loss before it is worth Z E R O
he Reverse Stock Split is intended to increase the per share trading price of the Company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market. As a result of the Reverse Stock Split, every ten shares of the Company's common stock issued and outstanding on the Effective Date will be combined into one issued and outstanding share. The Company will pay cash in lieu of any fractional shares resulting from the Reverse Stock Split. In connection with the Reverse Stock Split, there will be no change in the par value per share of $0.0000056. The Reverse Stock Split will not reduce the number of authorized shares of common stock.
GET OUT !!!
Sentiment: Strong Sell
If I am not mistaken LEDS has no sales in the USA due to patent infringements. They do sell in the rest of the world though, but to whom is a mystery.. GL
They reverse on outstanding shares, but without reducing the authorized numbers of shares of common stock, which implies they can dump more shares to #$%$ boys
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