VIPR Industries Inc. (VIPRD.PK) Tuesday announced the appointment of Jan Vrba as its chief executive officer and director. Vrba will succeed Robert Bandtfield, who shall assume the role of secretary and vice president.
The corporate changes will be followed by a stock restructuring program, done mainly for funding related reasons. The company will enact a reverse stock split on a ratio of 5000 to 1. The stocksplit was approved and effective by Finra on May 18. This effectively brought its stock structure to 2.2 million from 11 billion shares.
As part of the reversal, stock symbol will revert back to VIPR within the next 14 to 20 days. Further, it moved its corporate domicile from the State Of Nevada to the State of Wyoming.
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