As I write this, it is 4:47 p.m. PDT on May 31, 2013.
In 13 minutes . . .
On May 31, 2013, Jamba, Inc. (the “ Company”) filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Amendment”), with the Secretary of State of the State of Delaware to effect a 5-for-1 reverse stock split (the “ Reverse Stock Split”) of the Company’s issued and outstanding common stock, $0.001 par value per share (the “ Common Stock”). The Reverse Stock Split, approved by the Company’s stockholders at the Company’s Annual Meeting of Stockholders held on May 14, 2013, will become effective at 5:00 pm PDT on May 31, 2013 (the “Effective Time”). A copy of the Certificate of Amendment is attached hereto as Exhibit 3.1 and incorporated herein by reference.
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Commencing on June 3, 2013, trading of the Company's Common Stock will continue on the NASDAQ Global Market on a reverse stock split-adjusted basis.
This freaking sucks! I finally see a profit holding it through the financial meltdown, Freaking Board of Director announced a reversed stock split with no grace period for people to get out. What a bunch of xxxxxxxxx....... Can't even sell first thing Monday. The effective reverse split is today.... and they announced it after the market closed? Probably, need to sell short first thing Monday!