The belief that FBP converts would trace above the .72 conversion price and on merits above 1.00 to meet nyse listing requirements was windswept yesterday in Miami.
The Board voted to crush the par value of common shares from 1.00 to .10, expand common shares from 750 mm to 2 billion, and restate the corporate articles to effect a reverse stock split to meet the 1.00 nyse requirement
USG remains the majority shareholder and entry at .5 is 40% underwater at .3. Double up?
First BanCorp Announces Results of Special Stockholder’s Meeting - Business Wire - SunHerald.com
No comments:
Post a Comment