DENVER BUSINESS JOURNAL - A Lakewood staffing company, citing a goal of getting on the Nasdaq stock exchange, said it's planning a 1-for-12 reverse stock split.
Command Center Inc., with it shares currently trading on the over-the-counter bulletin board exchange under the symbol "CCNI," said it's conducting the reverse stock split "in order to bring the company’s share price to levels that may attract and allow a larger pool of investors to invest in the company. The reverse split is also an important step in the company’s near-term plan to list its stock on the Nasdaq Capital Market."
"The reverse split will allow us to get that story in front of more investors who will see the value in our stock and our company," said Bubba Sandford, Command Center’s president and CEO, in a statement.
Last month, the company reported third-quarter revenues rose $300,000 to $26.7 million from a year earlier and net income rose to $900,000, or 1 cent per share, from $800,000, or 1 cent per share a year earlier.
Read more at the Denver Business Journal: http://bit.ly/2BOtwAL
Copyright 2017 Denver Business Journal