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Article: Family Wine Firm Private Again: Scheid Vineyards says reverse split will save on legal and accounting fees.
- Article from:
- The Monterey County Herald (Monterey, CA)
- Article date:
- June 17, 2006
CopyrightCOPYRIGHT 2006 Monterey County Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dania Akkad
Jun. 17--Scheid Vineyards is a private company once again.
In an effort to save money and keep certain information out of the hands of its competitors, the Salinas company completed a reverse stock split in late May.
With less than 300 stockholders after the split, the Salinas wine grape and bulk wine producer was consequently delisted from the Nasdaq SmallCap Market, becoming a privately held company as it was a decade ago, said Mike Thomsen, Scheid's chief financial officer.
"It will save us a lot of money," Thomsen said.
Much of that money -- in the hundreds of thousands of dollars, at Thomsen's ...
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Article: Scheid Vineyards Inc. Announces the Mailing of Its ...
PR Newswire;
April 19, 2006 ;
700+ words
... ... of the date they are made and Scheid disclaims any intention or obligation ... or otherwise. CONTACT: Scott Scheid, President and Chief Executive Officer, or ike Thomsen, Chief Financial Officer, both of Scheid Vineyards Inc., 1-831-455 ...
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