Home / Knowledge / News / Apparel/Garments / Podium to effect a 1-for-300 reverse stock split
Podium to effect a 1-for-300 reverse stock split
10
Jan '08
Podium Venture Group Inc announced that a 1-for-300 reverse split will be effected as a result of shareholder complaints about being unable to trade Podium Venture Group shares due to no bid being reflected in the security.

“The decision to effect a reverse split has been a difficult one. Since acquiring Podium Venture Group, I have hoped a reverse split would not be necessary.

Podium Venture Group has grown significantly since September with acquisitions that have all added to the bottom line. Podium Venture Group has started to divest of all non-core assets and holdings to focus on technology driven acquisitions and holdings,” stated Rob Loud, President of Podium Venture Group.

“I have received numerous emails from shareholders and potential investors asking about Podium's future and plans for future growth.

While I cannot advise any shareholder or potential investor to hold/sell/buy shares in Podium Venture Group, I can point to what we have accomplished in a short time and our plans for the future:

- Acquired Coastal Broadband
- Acquired Noh Limits Consulting
- Company has increased monthly revenues to over $60,000
- Coastal Broadband has closed several long-term recurring revenue contracts
- Coastal Broadband will expand its Wireless Network coverage area by 450+ square miles
- Noh Limits has filed a patent on a general utility device capable of being used for various tasks including, remote systems management and monitoring, disaster recovery and business continuity, and secured remote access.”

Podium Venture Group Inc

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Marcel Alberts
Eurofibers

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

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...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search