Home / Knowledge / News / Apparel/Garments / Blackcraft announces 66.6-for-one forward stock split
Blackcraft announces 66.6-for-one forward stock split
29
Mar '14
Blackcraft Inc., a recently formed media company and lifestyle apparel brand, announced a 66.6-for-one forward stock split of its issued and outstanding common stock (the "forward split") subject to FINRA approval.
 
Based upon the company's expected growth rate over the next five years and using a discount rate of 11 percent, Blackcraft Cult expects an initial stock value of $3.00-5.00 per share. That figure reflects the 66.6 for-one forward stock split.
 
Blackcraft Cult's common stock will begin trading on a post-split adjusted basis on the OTC Bulletin Board.
 
"This day represents a huge milestone for our company," Co-Founder Robert "Bobby" Schubenski said. "We feel very strongly about the brand that we have built and the announcement of our forward split is the natural next step in the evolution of Blackcraft Cult as we continue our pursuit of becoming a brand that is recognized worldwide."
 
Since launching in July 2012, Blackcraft Cult has quickly grown from an in-demand apparel brand to an emerging and innovative technology company. 
 
The company has plans to launch a messaging app called BCC Messenger in April, which will feature "emojis" and themes popular with Blackcraft Cult customers. Through an organic, grass roots approach, Blackcraft Cult's message and product suite have quickly gained acceptance and spread throughout the music, fashion and tattoo communities, gaining credibility and admiration across the globe. Blackcraft Cult has a band of staunchly loyal fans and a social media network encompassing over 15 million followers.
 
"Our brand may showcase dark imagery, but it's powered by a bright, positive message," said Co-Founder James "Jim" Somers. "We have always encouraged our followers to 'believe in yourself and create your own future' and feel that this announcement will give our loyal supporters an opportunity to become a part of the Blackcraft Cult family in a whole new way."
 
Shareholders holding common stock will not be required to take any action and each share of common stock outstanding prior to the effective time of the split will thereafter represent the number of shares of common stock, on an adjusted post-split basis, following the effective time of the split.
 
Shares of common stock held in brokerage accounts should also be credited with the split amount without further action. For more information, brokerage customers should contact their brokerage representative.
 
About Blackcraft Inc.
Blackcraft Inc., also known as Blackcraft Cult, is a rapidly growing media company and lifestyle apparel brand rooted in the ideal that self-realization is superior to religious indoctrination and other society enforced norms. 
 

Blackcraft Inc

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X