• By .(JavaScript must be enabled to view this email address) - 10 April 2012, 16:30
  • In News, Thin Film, CIGS, Finance

DayStar Technologies undertakes second reverse stock split

  •   DayStar Technologies has conducted its second reverse stock split since trading on the NASDAQ since 2007.
    DayStar Technologies has conducted its second reverse stock split since trading on the NASDAQ since 2007.

Financials

  • DSTI
    OTCMKTS
    0.660
    +0.160 (32.00%)
    3:50PM EDT

Seriously struggling ‘development stage’ CIGS thin film-firm, DayStar Technologies has conducted its second reverse stock split since trading on the NASDAQ since 2007. The 1-for-7 reverse stock split of its common stock is designed to bolster its share value. DayStar had previously undertaken a reverse stock split in 2010.

The company had reported a net loss for the third quarter of 2011 of US$1.3 million, compared with a net loss of US$7.4 million in the third quarter of 2010. The company continues to trade as a ‘growing concern.’

Daystar expects to have approximately 1,582,044 shares of common stock issued and outstanding after the latest reverse stock split.

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