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Article: Elegant Illusions, Inc., Announces a Reverse Split.
- Article from:
- Business Wire
- Article date:
- November 30, 1999
CopyrightCOPYRIGHT 1999 Business Wire. 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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PACIFIC GROVE, Calif.--(BUSINESS WIRE)--Nov. 26, 1999--
Elegant Illusions, Inc., (NASDAQ:EILL), announces the Board of Directors of Elegant Illusions, Inc. (the "Company") and the Company's three executive officers and principal stockholders (who hold, in the aggregate, over 71% of the issued and outstanding shares of the Company's Common Stock) adopted a resolution to amend the Company's Certificate of Incorporation and reverse split the Company's issued and outstanding shares of Common Stock at a ratio of 1,063,000-to-1 (the "Reverse Split").
Stockholders owning fewer shares than the number required to obtain one share in the Reverse Split (and ...