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

Quick Facts

Editors Pick
Alphabet Inc. (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the first quarter, driven largely revenue growth in search and advertising. Alphabet's first-quarter profit rose to $5.43 billion or $7.73 per share from $4.21 billion or $6.02 per share last year. On... A passenger was booted from a Delta Air Lines flight after an emergency run to the bathroom while the plane was delayed for almost two hours on the tarmac, according to media reports. Kima Hamilton, 39, reportedly said that he needed to use the restroom while the plane was on the tarmac in Atlanta en route to Milwaukee on April 18. McDonald's is going to discontinue a popular item that has been on the menu for decades - the Hi-C Orange Lavaburst - from May 1, according to a memo posted on Reditt. With customers having only a few more days to get their hands on the iconic, popular beverage before its gone forever, McDonald's is already facing a backlash for its decision.
comments powered by Disqus
Follow RTT