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Kedem Pharmaceuticals, Inc. Message Board

  • rodneyjh01 rodneyjh01 Nov 18, 2011 12:05 PM Flag

    What is up with GHLVD

    There is no volume today, what is going on?

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    • While a security is undergoing reorganization, it will not be available for online trading. Such corporate actions can include name changes, symbol changes, mergers and forward or reverse splits.

      We will post the new shares of GHLVD to your account once payment has been received from the depository or agent. We do not have an anticipated date of receiving the new shares at this time. Your patience is greatly appreciated.

      • 3 Replies to angelben77
      • Is there an update to this yet - it has been a very long transition, much longer than I would expect.

      • 11/8/2011

        Global Health Ventures Inc. Announces Name Change And Corporate Restructuring

        Global Health Ventures Inc. announced the following corporate actions. On September 23, 2011, the Company completed a merger with its wholly owned subsidiary, Kedem Pharmaceuticals Inc., and formally assumed the subsidiary's name by filing Articles of Merger with the Nevada Secretary of State. On September 26, 2011, the Company completed a 1 for 20 reverse split of its common stock and effected a corresponding decrease in its authorized capital by filing of a Certificate of Change with the Nevada Secretary of State. As a result of the reverse split, the Company's authorized common stock decreased from 1,000,000,000 shares to 50,000,000, and its issued and outstanding common stock decreased from 196,333,192 shares to 9,816,660. In order for the name change and reverse split to be recognized on the OTC Bulletin Board, the Financial Industry Regulatory Authority (FINRA) was required to process the corporate actions. FINRA has now processed the name change and reverse split, both of which became effective in the market at the open of business on November 7, 2011. At that time, the Company's common stock became eligible for quotation on the OTC Bulletin Board under the name Kedem Pharmaceuticals Inc. and the trading symbol GHLVD.ob.

      • Who is "we"? You are an insider? Why do you not make a press release regarding the rogue trading activity going on?

        If it could not be traded, then it would not be up or down on any given day. If the average shareholder cannot trade, but some insiders can, that may be criminal, or at least highly unethical.

        Why is the stock price not 20 cents as it should be?

    • It is very complicated. Call investor relations maybe they can explain it. The reverse split is a sure thing. The company will trade under a brand new ticker in about a week and a half or so.

      Right now it is difficult to do a sell-side trade, according to my broker. If you sell now, you will be short when the reverse officially takes place.

      Told you it is complicated. Probably best to just hold for now, even though in the short run you will likely take a bath when the new company starts trading.

 
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