logo
Share SHARE
FONT-SIZE Plus   Neg

MGT Capital ReportsAdministrative Change To Proposed Reverse/Forward Stock Split

MGT Capital Investments, Inc. (MGT) said that it was notified on March 15, 2012 by NYSE Amex LLC that the Company was expected to require that Company shareholders surrender their share certificates upon the effectiveness of the Company's previously disclosed reverse-forward stock split. The combined Reverse/Forward Split ratio equates to approximately 1-for-33 shares of Common Stock.

The company anticipates that the Reverse/Forward Split will become effective on March 21, 2012 following approval at a special meeting of the shareholders of the Company to be held on March 20, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The recent week marked the lull before the storm, with very few market moving economic numbers released during the week. However, the economic news flow picks up pace in the upcoming week, offering glimpses into every vehicle of economic growth, ranging from consumers to private sector activity to housing.... Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier. Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations.
comments powered by Disqus
Follow RTT