Advant-e Cancels Reverse Split, Declares Special Dividend - ADVC
alluvial.substack.com
Canceled Reverse Split In a surprising turn of events, Advant-e has announced it will not proceed with its planned 1 for 10,000 reverse stock split. This is excellent news for small shareholders, who will no longer be forcibly cashed out at a large discount to fair value. Advant-e cited delays in regulatory review and approval, the timing of its special dividend (more on that down the page) and "other factors" as the reasons for the cancellation. The company still intends to discontinue as an SEC reporting company as soon as possible.
Advant-e Cancels Reverse Split, Declares Special Dividend - ADVC
Advant-e Cancels Reverse Split, Declares…
Advant-e Cancels Reverse Split, Declares Special Dividend - ADVC
Canceled Reverse Split In a surprising turn of events, Advant-e has announced it will not proceed with its planned 1 for 10,000 reverse stock split. This is excellent news for small shareholders, who will no longer be forcibly cashed out at a large discount to fair value. Advant-e cited delays in regulatory review and approval, the timing of its special dividend (more on that down the page) and "other factors" as the reasons for the cancellation. The company still intends to discontinue as an SEC reporting company as soon as possible.