Towerstream to reverse split 1-for-75 before tomorrow [Seeking Alpha]
TOWERSTREAM CORP (TWER)
US:NASDAQ Investor Relations:
ir.towerstream.com
Company Research
Source: Seeking Alpha
Towerstream to reverse split 1-for-75 before tomorrowFixed-wireless firm Towerstream (NASDAQ:TWER), whose stock fell below the $1 mark last November and is trading at $0.08 today, isoff 4.5% after news that it willreverse split its stock 1-for-75.Shares will trade on an adjusted basis starting tomorrow (under a temporary ticker of "TWERD" for 20 trading days, before reverting toTWER).Fractional shares will be rounded up to the nearest whole share; those with paper certificates may need to send them to the company's transfer agent.Now read:BlackBerry: Not So Impressive? »
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