Advanced Nutraceuticals

Company Name:
Advanced Nutraceuticals
Updated:
Thu, 2006-10-05 01:00
Method:
Reverse Stock Split
Tender Limit:
Less than 500
Tender Price:
4
Current Price:
3.55
Percent Gain:
12
Broker Held Shares:
OK
Vote Date:
Fri, 2006-09-08 18:00
Phase:
Cash Received
SEC Filings:
Notes:

Cash received 10/4/2006 for Advanced Nutraceuticals.

The company is indicating they will not spend more than $1 million on this going private transaction. "The Board of Directors may determine, among other possibilities, to terminate the reverse split, postpone the reverse split or adjust the reverse split magnitude to meet the Company’s objectives, while working to ensure continued compliance with the requirements under its loan agreements." 8/31/06

Closed at $3.45 on 8/8/06.

Originally posted by Don in the forum.

I purchased 499 shares at $3.10 at the market close today, July 25th, in my Roth IRA (not the model portfolio yet.)