Micron Enviro Systems says that the board of directors has decided to forward split Micron’s common shares on a three for one basis. Shareholders of record will receive the additional shares. The record date will be decided shortly, but it is anticipated to be around July 20, 2009. Shareholders of record will be eligible for the split, for example, a shareholder who owns one million shares as of the record date will own three million shares when the split becomes effective. The reason for the split is to increase the liquidity of trading shares.
Bradley Rudman, president of Micron stated, “Management feels that this forward split will reward the shareholders of record by tripling their stock position. The shareholders may see added value with the additional liquidity as management reports new projects as they become available. Management is actively searching out additional projects and is confident that additional projects will be completed over the coming weeks.”
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Micron Enviro Systems
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