YP Corp issues a Name Change and Reverse Split
YP Corporation has announced share holder approval for a named change and a reverse stock split. YP Corporation, one of the leading provides of classified and directory advertising in the US, will now be known as LiveDeal, Inc. YP Corporation purchased LiveDeal in Jun, 2007 for a report $12M USD.
No details were provided on the timing for the reverse stock split but this is rarely a good sign for investors. In most cases it signifies a long term downward trend for the share holders.
Bookmark to:
