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Forum - Wall Street Pit (Top Ships - TOPS)    Stock Due Diligence for All

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From: HiSpeed (Rep: 16) reply to scorcherDate: 05/19/2017 17:37
Forum: Wall Street Pit - Msg #2675781 - List TOPS msgs Thread #673928501 (Rec: 0)
Re: Good night,,,another reverse split for NEWL 2.0 between 1:2 and 1:1000

Wow, does that looks done. Amazing this stuff is allowed to stay listed



Reply to scorcher - Msg #2675779 - 05/19/2017 16:59

Good night,,,another reverse split for NEWL 2.0 between 1:2 and 1:1000


3. "To approve one or more amendments to the Company's Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company's issued common shares at a ratio of not less than one-for-two and not more than one-for-1000 and in the aggregate at a ratio of not more than one-for-1000, inclusive, with the exact ratio to be set at a whole number within this range to be determined by the Company's board of directors (the "Board"), or any duly constituted committee thereof, at any time after approval of each amendment in its discretion, and to authorize the Board to implement any such reverse stock split by filing any such amendment with the Registrar of Corporations of the Republic of the Marshall Islands."

https://www.sec.gov/Archives/edgar/data/1296484/000091957417004451/d7493431_6-k.htm
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