Denver, CO (PRWEB) January 13, 2014
Axium Technologies, Inc., (OTC: AXGI) (the “Company”) announced today that it has received confirmation from FINRA that the reverse stock split ordered by the Court-Appointed Receiver for the Company will be declared effective at the opening of business on Monday, January 13, 2014.
The terms of this split are one new share for each 1000 old shares (1000-1 reverse) with a minimum retention of 100 shares paid to all shareholders down to the beneficial holder level. Fractional shares will be rounded up to the nearest whole share. The stock symbol for the Company will change from AXGI to AXGID for a minimum of 20 days as required under FINRA Rules. Shareholders are not required to surrender their certificates in this reverse split.
Court Appointed Receiver for the Company
First American Stock Transfer, Inc.