Caribbean Casino & Gaming announces name change and reverse split
FINRA announced last week that "This corporate action will take effect at the open of business 1/17/2013. Your new symbol will be CGAQD. The "D" will be removed in 20 business days and the new symbol will be CIHN."
In other news, Dr. Frank Leiber is expected to finalize negotiations and take the reins of the company. Current CEO Steven Swank will retain his role as the Chairman of the Board. "The name change and stock consolidation are designed to give Dr. Leiber a running start," stated Swank, "I expect him to take us in a positive direction."
"I'm thrilled with the expectations of taking charge of the Company," said Leiber, adding "these changes to our corporate structure along with funds in the bank open the door to many excellent and profitable opportunities for us," he concluded.
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