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Genesis Pharma Completes 40-to-1 Reverse Split

Posted on September 05, 2008

Genesis Pharmaceuticals Enterprises (GNPH.OB) has effected a 40-to-1 reverse stock split and changed its ticker symbol to GNPH from the previous symbol GTEC. As before, Genesis Pharma trades on the OTC Bulletin Board Exchange. After the reverse split, Genesis has 10.3 million shares outstanding. Cao Wubo, Chairman and CEO of Genesis, said in a statement that the reverse split was part of a strategic initiative to move its listing to a senior stock exchange in the US. ...

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