Zhongchai Machinery

Tender Price: 
$0.56
Ticker: 
EQPI.OB
Last Trade: 
$0.26
Tender Limit: 
Less than 120
Method: 
Reverse Stock Split
Potential Gain: 
115.385%
Broker Held Shares: 
OK

 

Notes:

Zhongchai Machinery (EQPI) is going private via a 120:1 reverse split, with fractional shareholders being cashed out at $0.56.  Not much edge, but the current price is around $0.35-0.40.  The shareholder majority already approved the deal.

Broker Held Shares: "The Company intends to treat shareholders holding less than 120 shares of Common Stock in street name through a nominee (such as a bank or broker) in the same manner as shareholders whose shares are registered in their names."

Phase: 
New Filing
News: 
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