March 10, 2005--ZANN Corp. (previously OTCBB:ZANN) announced that it is currently trading under the symbol ZANC (OTCBB:ZANC).
Effective March 10, 2005, the Company implemented a one for 350 reverse split of its authorized and outstanding shares of common stock. The number of authorized and outstanding shares of the Company's common stock following the March 10, 2005 reverse split is 11,428,572 and 3,028,861, respectively.
wirklich recht obskur!erst 1:350 und dann 3 : 1 ?
According to Robert C Simpson - CEO, "The forward split should benefit our
shareholders in several ways. One of the most important factors is the
certificate exchange, which should help us to identify the magnitude of the
short position we believe exists in our stock. Additionally, this split will
help us by creating a larger number of legitimate shares ..."