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November 28, 2009

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LV company in reverse stock split

Thursday, Dec. 2, 1999 | 11:49 a.m.

American Vantage Cos. of Las Vegas initiated a 1-for-3 reverse stock split, effective Wednesday.

The split was undertaken to keep American Vantage in compliance with NASDAQ listing requirements. The stock had closed Tuesday at 66 cents, well below the $1 requirement necessary for NASDAQ companies.

The company will trade for 20 days under ticker symbol "AVCSD" and will revert to "AVCS" after that date.

American Vantage is a gaming consulting company, with operations in the restaurant business including the WCW Nitro Grill in the Excalibur hotel-casino and the Border Grill in Mandalay Bay.

American Vantage was trading at $2.25 during midday trading on Wall Street, up 25 cents.

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