08.15.16
Rising beauty brand Joey New York, Inc. reports a 1-for-200 reverse split of its issued and outstanding shares of common stock. The company through its wholly owned subsidiary RAR Beauty, LLC is the manufacturer and marketer of its Joey New York brand of skin care and beauty products. Its products are sold through various retailers, professional salons and spas and beauty websites within the US and Internationally.
Trading began on a post-split basis at the open on Aug. 1, 2016 of the OTC marketplace under the symbol "JOEYD." After 20 trading days, the symbol will revert back to "JOEY." All fractional shares shall be rounded up.
Joey Chancis, CEO of Joey New York, stated, "By completing this reverse stock split, we expect to gain broader access to the institutional investment community and to take one of the necessary steps toward listing on a major exchange. This strengthened position will provide the availability of common stock necessary to fund future growth, expansion and transactions which could enable us to become a more diversified company."
Trading began on a post-split basis at the open on Aug. 1, 2016 of the OTC marketplace under the symbol "JOEYD." After 20 trading days, the symbol will revert back to "JOEY." All fractional shares shall be rounded up.
Joey Chancis, CEO of Joey New York, stated, "By completing this reverse stock split, we expect to gain broader access to the institutional investment community and to take one of the necessary steps toward listing on a major exchange. This strengthened position will provide the availability of common stock necessary to fund future growth, expansion and transactions which could enable us to become a more diversified company."