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Stock Market & Financial Investment News

News Breaks
July 2, 2013
16:32 EDTALLNAllin announces reverse stock split and reduction in authorized common stock
Allin announced that it has filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation, as amended, to implement a reverse stock split of its common stock with a ratio of one post-split share for every 1,000 shares issued and outstanding on that date and, following the Reverse Stock Split, to reduce the authorized shares of its common stock from 22,500,000 to 400,000. The Amendment was approved by written consent of the Company's Board of Directors on June 7 and by written consent of the holders of a majority of the outstanding common stock of the Company on June 12. A copy of the Amendment has been published through the OTC Disclosure and News Service as Supplemental Information and is incorporated herein by reference. Trading of the Company's common stock on a split-adjusted basis is expected to begin at the open of trading on July 3, 2013. As a result of the Reverse Stock Split, every 1,000 shares of pre-split common stock will automatically be reclassified as and converted into one share of post-split common stock.
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