Monday, March 29, 2010

Blockbuster (BBI) Planning Reverse Stock Split

Blockbuster (BBI) Planning Reverse Stock Split

Blockbuster's annual stockholders' meeting will take place at Renaissance Tower, 1201 Elm Street 42nd floor. Items to be voted upon at the meeting include the following:

Combination of Class A common stock and Class B common stock into a single class, and approval to execute a reverse stock split. 
A reverse stock split would be great - much easier to short higher priced stock!

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