Lynch Interactive Corporation Announces Trading in Lynch Shares to Be Suspended on AMEX after Reverse Stock Split, Will Trade in
08 November 2005 - 2:52AM
Business Wire
Lynch Interactive Corporation (AMEX:LIC) today announced that, in
keeping with its policies, the American Stock Exchange (the
"AMEX")expects to suspend trading in Lynch Interactive's shares
upon the effectiveness of its one-for-one hundred reverse stock
split on Thursday, November 10, 2005. The reverse stock split is
the first step in the Company's plan to voluntarily delist from the
AMEX and deregister its shares under the Securities Exchange Act of
1934. The company also confirmed that it had been in touch with
Pink Sheets(R) LLC (website: www.pinksheets.com), which publishes
the well known on-line stock quotation service, and understands
that its stock will be traded on the Pink Sheets(R) following the
suspension. The company reiterated that stockholders holding less
than 100 pre-split shares would be cashed out as described in its
earlier public announcements. Transmittal letters and instructions
for surrendering share certificates will be mailed by the company's
transfer agent beginning shortly after the effectiveness of the
reverse split.
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