Facebook
Fark
Digg
Reddit
StumbleReverse stock split planned
Monday, April 26, 2004 | 10:57 a.m.
The move must receive shareholder approval at a June 22 annual meeting in Las Vegas. Approval is virtually guaranteed since Chairman and Chief Executive Michael Shustek controls more than 3 million of the company's 5 million outstanding shares of stock.
The stock split will ensure the company's position on the Nasdaq Small Cap stock market. In a March SEC filing, the company said it had fallen out of compliance for listing on the National Market.
The board also announced today that it will continue the suspension of its dividend program.
archive
Most Popular
- Viewed
- Discussed
- E-mailed
- North Las Vegas officials say forced concessions were only option left
- Looking in on the Palms’ $600,000 pool renovations
- Photos: Scott Disick celebrates his 29th birthday at 1 OAK in the Mirage
- Don Johnson, you’re hip again in the ‘80s-themed Bourbon Room at Venetian
- Helpless, not hopeless: Parents of criminals face a roller coaster of emotions
Everything Under the Sun
Blogs
The Kats Report
With Shenandoah project stalled, Wayne Newton hits back legally (7 Comments)
Las Vegas Philharmonic says search for new music director to begin 'immediately' (1 Comment)
Where does a Playmate play when she turns 21? Vegas! (3 Comments)
Ice Ice Billy
The road to six-toed cats and Mayor Bubba
The Kats Report
David Itkin tells L.V. Philharmonic officials he's on his way out (14 Comments)
Diamond Dave sells it well as Van Halen pours out the power at MGM Grand (2 Comments)
Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence (3 Comments)
- 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