LiveDeal announces 3-for-1 split

LiveDeal (LIVE +2.3%) announces a three-for-one forward stock split.

The new shares will be distributed after the close on February 11 to record holders as of February 3.

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Comments (2)
  • Philip Marlowe
    , contributor
    Comments (1625) | Send Message
    This is really bizarre. This would put their stock under $5. Most co's prefer to have their stock over $5 because some mutual funds will not buy stocks under $5. The only possible reason I can think of is they want to make the stock "look cheap" to uneducated investors.
    23 Jan 2014, 12:00 PM Reply Like
  • hharden
    , contributor
    Comments (10) | Send Message
    I'd agree. I've done lots of research on this company and it ultimately looks like a pump-n-dump. This move just adds to the list of questionable things about the company.
    23 Jan 2014, 02:44 PM Reply Like
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