Totally Green Plans 100-for-1 Reverse Stock Split
06 Septembre 2012 - 2:31PM
Marketwired
The board of directors of
Totally Green, Inc.
(PINKSHEETS: TLGN), an innovator in organic food waste processing
systems, has approved a 100-for-1 reverse stock split of the
company's common stock. Following the split and a conversion of the
company's Class D preferred securities into 50% of the company's
fully diluted shares of common stock, there is expected to be
approximately 13,725,000 common shares outstanding, with 750
million shares authorized.
"The purpose of the split is to raise our trading price which we
hope will increase our market visibility and ideally make
participation in the potential of Totally Green available to a
larger universe of investors," said Totally Green's CEO, Shawn
Dym.
The stock is expected to begin trading on a split-adjusted basis
on September 7, 2012. The par value of the stock will be unchanged
and it will continue to trade on the Pink Sheets under the symbol
"TLGN." However, the letter "D" will be added to the symbol for a
limited time to indicate the recently split status.
Totally Green's transfer agent, Pacific Stock Transfer, will be
the exchange agent for the split. Shareholders who hold their
shares in brokerage accounts or "street name" will not be required
to take any action to effect the exchange of their shares.
Shareholders who have existing stock certificates will receive
instructions from the transfer agent after the split becomes
effective. Fractional shares as a result of the reverse share split
will be rounded up to the next whole number. Proportional
adjustments will be made to all of the company outstanding
warrants, options and other convertible securities.
About Totally Green Totally Green, Inc.
develops and markets the company's ORCA Green™ Machine. The ORCA
(Organic Refuse Conversion Alternative) machine allows for rapid
composting of most organic material in institutional and commercial
end-user applications, after which the liquid compost is either
returned to the soil as nourishment or disposed of through the
ordinary sewer system. The machine creates meaningful cost savings
for customers while diverting food waste from landfills and
reducing methane gas production. For more information, please visit
www.totallygreen.com.
Important Cautions Regarding Forward-Looking
Statements This press release contains "forward-looking
statements." Forward-looking statements are statements concerning
plans, objectives, goals, strategies, expectations, intentions,
projections, developments, future events, or performance,
underlying (expressed or implied) assumptions and other statements
that are other than historical facts. These forward-looking
statements are only predictions. No assurances can be given that
such predictions will prove correct. Actual events or results may
differ materially. Forward-looking statements should be read in
light of the cautionary statements and risks that include, but are
not limited to, the risks associated with a small company, our
comparatively limited financial resources, the uncertainty of
market trends, the competition faced from other current and future
technologies and the uncertainties of competitive pressures we
face. These or other risks could cause actual results to differ
materially from the future results indicated or implied in such
forward-looking statements. We undertake no obligation to update or
revise such statements.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Company Contact: Shawn Dym Chief Executive Officer
Totally Green, Inc. Tel 416-221-9066 Investor Relations
Contact: Liolios Group, Inc. Scott Liolios or Chris Tyson Tel
949-574-3860
Ever Harvest (CE) (USOTC:TLGN)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
Ever Harvest (CE) (USOTC:TLGN)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025