This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Embark Holdings Files A Reverse Stock Split, Symbol Change And Reduces Authorized Shares

MISSION VIEJO, Calif., Feb. 12, 2013 (GLOBE NEWSWIRE) -- Embark Holdings, Inc. (OTC:GFMD) received notification that effective February 14, 2013 Financial Industry Regulatory Authority ("FINRA") will complete the process of a 1 for 2000 reverse stock split and a symbol change. This action followed stockholder approval by written consent of the majority of the stockholders taken without a meeting on January 2, 2013 which approval granted authority to the Company's Board of Directors to affect a reverse stock split of the Company's authorized issued common stock, a symbol change and reduce the authorized common stock from 2,000,000,000 (2 Billion) to 500,000,000 (Five Hundred Million).

The company will have a new CUSIP number of 29079E203 starting on February 14, 2013. As part of the reverse stock split, FINRA will append a "D" to the Company's ticker symbol to indicate the completion of the reverse split. After 30 business days following the reverse split, FINRA will remove the "D" from the new symbol.

Additional Information for Shareholders

No shareholder should take any action with respect to the reverse stock split at this time.

Shareholders, who hold their shares in brokerage accounts also, known as holding the shares in "street name", will not be required to take any action after the reverse split becomes effective. The number of their shares of the Company's common stock will be automatically adjusted to reflect the number of shares as adjusted by the reverse stock split.

Shareholders of record who hold physical stock certificates should contact the Company's Transfer Agent, American Registrar and Transfer Company ("American Registrar") to discuss the fractional shares. American Registrar will act as the sole exchange agent for implementing the handling of stock certificates. Shareholders should not send stock certificates to the Company. Shareholders should not destroy any stock certificates and should not submit any stock certificates until requested to do so by American Registrar.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,428.51 +19.97 0.12%
S&P 500 1,868.33 +3.48 0.19%
NASDAQ 4,102.2110 +6.6950 0.16%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs