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| Discussions for China Natural Gas Inc. | View all discussions |
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| Reverse Stock Split | ||
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From: mesocha...@gmail.com
Date: Tue, 12 May 2009 06:04:28 -0700 (PDT)
Local: Tues, May 12 2009 9:04 am
Subject: Reverse Stock Split
Can anyone shed light on the reverse stock split that is being
discussed in CHNG's 1Q09 statement? I am a novice trader and trying to learn. I understand that the shares we hold in the U.S. have not undergone the reverse split, which means that in the near future, I will own half the shares I've purchased under the CHNG.OB. But what are the financial ramifications of enacting a reverse split? Will this move make the stock less desirable for investors, particularly large investors who may consider this stock for inclusion into mutual funds? You must Sign in before you can post messages.
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From: believeit...@hotmail.com
Date: Tue, 12 May 2009 08:21:23 -0700 (PDT)
Local: Tues, May 12 2009 11:21 am
Subject: Re: Reverse Stock Split
CHNG is doing it to as part of their plan to be listed on the NASDAQ
exchange. This will greatly increase trading volume and the reporting requirements to be listed will bring some credibility to their awesome income statements and balance sheets. You must Sign in before you can post messages.
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