Athanor Group Announces Approval of Reverse and Forward Splits of Common Stock.Business Editors ONTARIO, Calif.--(BUSINESS WIRE)--June 2, 2000 Athanor Ath´a`nor n. 1. A digesting furnace, formerly used by alchemists. It was so constructed as to maintain uniform and durable heat. Noun 1. Group, Inc. ("company") Friday announced that following board and shareholder approval, the reverse and forward splits of its shares of common stock became effective on Jan 31, 2000. The net effect of the two splits resulted in a 1 for 2 reverse stock split of the company's common stock. Fractional shares resulting from the reverse split will not be issued but in lieu in lieu prep. instead. "In lieu taxes" are use taxes paid instead of sales tax. A "deed in lieu of foreclosure" occurs when a debtor just deeds the property securing the loan to the lender rather than go through the foreclosure process. thereof, holders of fractional shares will receive cash at the rate of $2.51 per share. The company's shares of common stock trade on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the new symbol AGIA (formerly ATHR ATHR Autothrust System .) The company's primary business is the manufacture of precision machined component parts produced to customer specifications. The company also holds investments in various developmental stage companies: a software company in the development and marketing of an online geospatial (image, cartographic car·tog·ra·phy n. The art or technique of making maps or charts. [French cartographie : carte, map (from Old French, from Latin charta, carta, paper made from papyrus , and demographic) information indexing and distribution system and service, known as ImageNet; a biotech company that has developed and patented biochemical product-identifying barcodes for detecting harmful bacterial pathogens in meats, poultry, and dairy products dairy products dairy npl → produits laitier dairy products dairy npl → Milchprodukte pl, Molkereiprodukte pl ; a neon lighting company in the business of developing, manufacturing and marketing systems to control the motion or flow of light through neon glass tubes; and a company in the development and marketing of a national discount health benefits program. |
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