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Otix Global, Inc. Announces Reverse Stock Split
Date:3/12/2010


The amount of cash to be paid for fractional shares will be equal to the product obtained by multiplying:

  • The average closing sales price of our common stock as reported by NASDAQ for the four trading days preceding the effective date of the reverse stock split; by
  • The amount of the fractional shares.

Holders of less than five shares of our common stock would be eliminated as a result of the payment for fractional shares in lieu of any fractional share interest in connection with the reverse stock split.

Stockholders will not be entitled to receive interest for the period of time between the reverse stock split and the date the stockholder receives his or her cash payment, if any, in lieu of fractional shares.


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SOURCE Otix Global, Inc.
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