Akaishi Global 1-for-10 Reverse Stock Split Takes Effect Today
Akaishi Global announced that a previously approved 1-for-10 reverse split of its common stock takes effect today.
- (1888PressRelease) October 13, 2012 - The reverse stock split, which was approved by Akaishi Global stockholders and Board of Directors on May 19, 2011, will automatically combine each 10 shares of issued and outstanding common stock into one share of common stock. All outstanding and authorized securities that are exercisable or exchangeable for common stock will be adjusted proportionally based on the reverse split ratio of 1-for-10. Akaishi Global will not issue fractional shares in connection with the reverse stock split and stockholders otherwise entitled will receive cash in lieu of fractional shares.
A reduction in the number of a corporation's shares outstanding that increases the par value of its stock or its earnings per share. The value of the total number of shares (market capitalization) remains the same.
Note that in reverse and forward splits, the shareholder's old shares are erased, as they receive a number of new shares in proportion to their original holdings. By contrast, in a simple stock split, the original shares remain on the exchange as shareholders receive additional shares based on their existing holdings. In both stock splits and reverse splits, the share price is adjusted in proportion to the increase in shares to maintain equal value.
Akaishi Global stockholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the reverse stock split reflected in their accounts. Beneficial holders may contact their bank, broker, or nominee for more information.
Akaishi Global stockholders with shares held in certificate form are required to exchange their stock certificates for a book-entry statement of holdings or a new certificate representing the shares of common stock resulting from the reverse split. Registered holders who hold stock in certificate form will receive a Letter of Transmittal and instructions for exchanging their certificates from of Stock Transfer, AKAISHI GLOBAL's transfer agent.
The growing managed futures business is becoming a more important part of the global economy. A secular bull market in commodities has brought in more capital. This may be a good time for responsible, licensed, and independent minded entities to consider working with Akaishi Global.
Akaishi Global is a 100% discretionary commodity trading advisor (CTA). We provide unique managed future programs to clients. We offer programs appropriate for various client objectives and risk tolerance levels. We position each account, and evaluate possible adjustments on an ongoing basis, in an attempt to maximize long term growth.
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