|
|
Article: Oak Ridge Micro-Energy Announces 1 to 10 Reverse Split.
- Article from:
- Business Wire
- Article date:
- December 26, 2002
CopyrightCOPYRIGHT 2002 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)
|
Business Editors/Technology Writers
OAK RIDGE, Tenn.--(BUSINESS WIRE)--Dec. 26, 2002
Oak Ridge Micro-Energy, Inc. (OTCBB:OKRM), a provider of micro thin-film energy sources, released a shareholders' letter on December 20, 2003, announcing that its two sole directors, who are also Oak Ridge's principal shareholders, adopted resolutions in accordance with authority contained its Articles of Incorporation to effect a 1 to 10 reverse split of its common stock, effective on or around January 6, 2003, while retaining the current par value and authorized shares.
"This change will bring the company's capitalization in line with today's emerging markets ...