All Asia Licensing, Inc. (otc: Aasi) Announces Reverse Share Split
Submitted by: Axium Technologies Inc
AASI.PK announces one for 1000 reverse stock split with round-up provisions
(OPENPRESS) All Asia Licensing, Inc., (OTC: AASI) (the "Company") announced today that it has received confirmation from FINRA that the reverse stock split ordered by the Court-Appointed Receiver for the Company will be declared effective at the opening of business on Tuesday, January 7, 2014.
The terms of this split are one new share for each 1000 old shares (1000-1 reverse) with a minimum retention of 100 shares paid to all shareholders down to the beneficial holder level. Fractional shares will be rounded up to the nearest whole share. The stock symbol for the Company will change from AASI to AASID for a minimum of 20 days as required under FINRA Rules. Shareholders are not required to surrender their certificates in this reverse split.
Court Appointed Receiver for the Company