Board authorization for reverse stock split up to 1-for-6 by February 4, 2011
Company: Riot
The claim, verbatim
Board authorized to effect a reverse stock split of outstanding Common Stock in a ratio of at least 1-for-2 and up to 1-for-6 prior to February 4, 2011
Source (primary)
Riot PRE 14A filed 2010-10-12 (SEC EDGAR, sec_filing)
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Quote: “authorize the Board of Directors to effect, in its discretion (if the Board of Directors determines that a reverse stock split is in the best interests of the Company to maintain NASDAQ Capital Market listing) prior to February 4, 2011, a reverse stock split of the outstanding shares of the Company's Common Stock in a ratio of at least 1-for-2 and of up to 1-for-6”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Riot PRE 14A filed 2010-10-12
Quote: “authorize the Board of Directors to effect, in its discretion (if the Board of Directors determines that a reverse stock split is in the best interests of the Company to maintain NASDAQ Capital Market listing) prior to February 4, 2011, a reverse stock split of the outstanding shares of the Company's Common Stock in a ratio of at least 1-for-2 and of up to 1-for-6”