If approved, the company expects the split to be implemented by the end of October. As of the Aug. 22 board meeting, no ration had been selected for the reverse stock split.
Organic's stock closed today down 3.13% at 31 cents.
The company received a Nasdaq delisting notice in July for not maintaining a $1 minimum stock price. -- Adrienne Mand
Copyright September 2001, Crain Communications Inc.