IGO Inc (IGOI) 2.6000 $IGOI
iGo gets FINRA approval of reverse/forward stock splits
M2 - Fri Jul 18, 8:37AM CDT
iGo, Inc. (OTC: IGOI) (OTC: IGOID) said that it has received approval from the Financial Industry Regulatory Authority clearing the reverse and forward stock splits of the company's common stock previously approved by its stockholders and announced on June 25, 2014.
iGo, Inc. Announces Reverse/Forward Stock Split
PR Newswire - Wed Jun 25, 4:59PM CDT
iGo, Inc. (OTC PINK: IGOI) (the "Company"

announced today that the Company's Board of Directors has approved a reverse split of the Company's common stock, par value $0.01 per share, immediately followed by a forward stock split of the Company's common stock, intended to reduce the costs associated with servicing stockholder accounts holding relatively small numbers of shares of the Company's common stock. The Board of Directors determined to fix the ratio for the reverse stock split at 1-for-250 and the ratio for the forward stock split at 250-for-1. The reverse and forward stock splits are expected to be effective as of 5:00 pm and 5:01 pm, respectively, on July 17, 2014, subject to approval by the Financial Industry Regulatory Authority, Inc. ("FINRA"

. The Board of Directors has retained the authority to reject (and not implement) the reverse and forward stock splits if the Board subsequently determines that the reverse and forward stock splits, for any reason including but not limited to preserving the Company's net operating losses, are not then in the Company's and its stockholders' best interests. Such reasons include any change in the nature of the Company's stockholdings prior to the effective date of reverse and forward stock splits.