|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0010 - 0.0012|
|52 Week Range||0.0010 - 19.3500|
|Beta (3Y Monthly)||-1.19|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Cardiff Lexington Corporation (OTC:CDIXBB) and JM Enterprises 1, INC. (DBA) Key Tax Group announced today that they signed a definitive purchase agreement under which Key Tax Group has been acquired by Cardiff Lexington Corporation as a wholly owned subsidiary in a stock for stock transaction. The Key Tax Group team includes tax lawyers, enrolled agents, and support staff with more than 35 years of combined experience.
The reverse stock split will be implemented when the market opens on Monday, March 25th, 2019 and Cardiff Lexington’s common stock will begin trading on a split-adjusted basis at that time, with a “D” temporarily appended to the end of its ticker symbol for 20 business days to signify the split. This action is an important milestone in the Company’s ability to fix its capital structure and close future acquisitions. The reverse stock split affects all issued and outstanding shares of Cardiff Lexington’s common stock, as well as shares of common stock underlying stock options, warrants and convertible preferred stock outstanding immediately prior to the reverse stock split.
This highly popular “Tax Management Program” not only protects clients from future confrontations with the IRS and state, but ensures continuous protection. The program was originally designed specifically for Platinum Tax Defender clients who have been placed into resolution programs. Due to its popularity of having someone to consult with throughout the year and the related tax saving results, the Company is now offering the service to everyone nationwide. “This is a tremendous client value to have professional consultation throughout the year proactively maximizing tax savings.” stated Platinum Tax’s CEO Sherri Gastelum. “Unlike regular tax preparation services that reactively handle taxes when it’s too late, Platinum’s highly popular “Tax Management Program” proactively ensures continuous year-round protection.
Today’s announcement demonstrates our commitment to improve the Company’s balance sheet and strengthen our financial foundation,” stated Alex Cunningham, Cardiff Lexington’s CEO. “The elimination of several variable rate, floating price, convertible notes has strengthened our balance sheet and simplified our capital structure. As a result, the Company’s eight (8) convertible notes which had been currently convertible at variable prices reflecting a predetermined discount to market prices, have been retired and the Company has eliminated this indebtedness.