Effective at close of business on September 9, 2011, GreenShift Corporation (the “Company”) filed with the Secretary of State of the State of Delaware a certificate of amendment to the Company’s certificate of incorporation to give effect to a 1-for-1000 reverse stock split. The Company’s common stock will begin trading on a post-reverse split basis on November 11, 2011. The post-reverse split common stock will be listed under the symbol “GERSD” for twenty business days, then will revert to “GERS.”
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SkunK
Acceptance time for SEC was 20111110141339. Or 2:13 P.M. EST. Looks like I checked it just after that and got it posted seven minutes later (I work CST no matter where I am).
I expect 3Q soon.
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2 comments:
Since no one will have "GERSD" stock for a while after the R/S tomorrow, is it true that all trades until they are delivered will represent dilution? As a corollary, if there is no more dilution we should see no trading?
What I saw before I believe the stock designator changes, including that in your account. Feel free to buy and sell. It is just a standard that indicates it is within 20 days of a split. Otherwise a newbie might see the price increase/change as a value increase/change.
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