Command Credit Corp. reverse splits its shares.Credit Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CDMD CDMD Configuration Data Managers Database CDMD Chemical Defense Materials Database ) announced Thursday that its board of directors approved a reverse stock split of its common shares effective at the close of business on Wednesday, Oct. 25, 1995 pursuant to which every 150 shares of the company's issued and outstanding common stock will be converted to one share. The company also announced today that it would issue a 300% common stock purchase warrant dividend (for every post split share, the shareholder will receive three warrants at no cost) to shareholders of record as of the close of business on Wednesday, Oct. 25, 1995. The company plans to file a registration statement within the next 90 days to register the warrants for trading. Subject to the effectiveness of the registration statement, this will enable the shareholder to either trade the warrants, or the warrants may be converted to common shares on and after April 26, 1997 for a period of 18 months, at which time the warrants shall be callable Callable Applies mainly to convertible securities. Redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually. by the company at par value. The exercise price to convert the warrants to common shares shall be the opening bid price after the reverse split on Oct. 26, 1995. William G. Lucas, president of the company, stated that the split was necessary to make available shares of common stock required in connection with the company's plans to acquire Fidelity Holdings Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of JetLease Finance Corp., (subject to certain conditions stated in its contract with JetLease Finance Corp.). JetLease Finance Corp. is a leading U.S.-based aircraft lender and leasing company with a fleet of over 50 jet airplanes. The JetLease transaction is intended to increase the company's revenue by $1.2 million per annum Per annum Yearly. and add $10 million to the company's asset base and net worth. Command Credit Corp. is an international financial services company specializing in bank credit cards. It also provides corporate finance services through its merchant banking and leasing subsidiaries. NEW CUSIP NUMBER CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. - 200499309 OLD CUSIP NUMBER - 200499200 CONTACT: Command Credit Corp., Garden City Investor Relations Investor relations The process by which the corporation communicates with its investors. , 800/338-9199 |
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