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

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: CBEC

Textiles | On 17th Aug 2017

E-commerce firms need to file monthly statements: CBEC

India’s Central Board of Excise and Customs (CBEC) has clarified that ...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra
Huemn

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


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



X