Facebook
Fark
Digg
Reddit
StumbleMego sets reverse stock split
Friday, July 30, 1999 | 11:24 a.m.
Mego Financial Corp. of Las Vegas, a timeshare seller and developer operating as Preferred Equities Corp., announced plans for a one-for-six reverse stock split.
The split is needed for Mego to meet the listing qualifications of the Nasdaq Stock Market's National Market system. Mego's stock has dropped below $1 per share in violation of Nasdaq requirements -- a reverse stock split would presumably result in higher per-share prices.
Mego said the company has achieved its planned operational and financial turnaround, returned to profitability for the quarter ended May 31 and expects to be profitable for the full year.
archive
Most Popular
- Viewed
- Discussed
- E-mailed
- Photos: J.Lo, Marc Anthony and Jamie King celebrate ‘The Chosen’ at Mandalay
- Two dead after being hit near Las Vegas Outlet Center
- Photos: Ice-T and Coco party at Venus Pool Club and host at LAX
- Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence
- Dario Franchitti wins the 96th Indianapolis 500
Everything Under the Sun
Blogs
The Kats Report
Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence
Michael Gaughan says no to return of 'Vegas Stripped' to South Point; Steve Wynn has enough nightclubs (3 Comments)
Cosmopolitan sizzling over serving as host hotel for Bravo's 'Top Chef Masters'
Suffering from respiratory illness, Elton John spikes three shows at Caesars
Jeff Tracta, Rich Little, Jonathan Clark and a few words about impressionists
Monti Rock III on the mend; Carla Pellegrino's Bacio marks one year at Trop; Barbara Cook postpones shows
For a moment, the circus halts to honor one of its greats (1 Comment)
- Locally owned and independent since 1950; Winner of the Pulitzer Prize for Public Service, best news website in the nation & DuPont Award for broadcast journalism
Facebook Connect