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Article: 1-for-50 reverse stock split to fuel Baseball Card Society growth.
- Article from:
- PR Newswire
- Article date:
- May 2, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. 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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1-FOR-50 REVERSE STOCK SPLIT TO FUEL BASEBALL CARD SOCIETY GROWTH
CARLE PLACE, N.Y., May 2 /PRNewswire/ -- A one-for-fifty reverse stock split will bring the shares of the Baseball Card Society (penny stocks) to a more prestigious level, according to Stanley Apfelbaum, president and CEO of the company that sells baseball cards to a rapidly growth membership of baseball card collectors.
"This move will take us out of the penny stock category and reflect the dynamic growth of our company," said Apfelbaum, who explained that warrants were registered with the Securities and Exchange Commission (SEC) effective March 31. The warrants will expire on May 5, ...