News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Look at any chart and you will see on Friday Sep 23 there was 763 MILLION shares traded at around 3pm. If you look closely at the price the rest is easy
I can break this down into min on my software. These shares sold for .0000975 all but 80 million that sold at .0001. This is called dilution. 700 million shares went to the MM in Sept they sold to all the suckers who saw "forward split" and jumped in.
Codima Inc. (OTCBB:CDMA), announces that the 1.1 for 1 forward stock split (effective date Thursday October 13, 2011) shall be payable upon surrender of old certificates.
This corporate action will take effect at the open of business 10/13/11. The symbol on this date will be CDMAD. The "D" will be removed 20 business days from tomorrow back to symbol CDMA.
Shareholders who purchased their shares on or before the record date of October 5, 2011 will qualify for the forward split and will receive 10% additional shares.
Existing shareholders will not be able to sell their existing shares for approximately two weeks, after the effective date, depending on how fast their brokers are able to provide them with their post-split shares. The company is urging all shareholders to contact their brokers right away and request that the broker send their shares back to the transfer agent as soon as possible so that the transfer agent can issue & mail out their certificates with the new CUSIP number and the additional 10% of shares.
This will not affect shares purchased on or after the date of the forward, Thursday October 13th. Any shares purchased on or after the date of the forward will be able to be sold immediately and will not need to be exchanged for new shares.
|
Followers
|
2
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
162
|
|
Created
|
10/13/11
|
Type
|
Free
|
| Moderators | |||
