POET Technologies Inc.

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Wilhelmina International Inc

Formerly OTCBB:WHLM now trading as OTCBB:WHLMD

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This is a stock that did a reverse stock split 20:1 for the purpose of trading on the NASDAQ and it took place on Friday/Monday.

This is not in a comparable category as it is a model/fashion agency based stock, however, it is relevant. The close on Friday was .30 and therefore the equivalent was $6.00. They had only a float of approx. 120,000,000 shares and so this was reduced down to 6 million shares.

Yesterday it traded only 100 shares and was down to $5.80 and today so far it has traded 640 shares and is up to $6.45 (as of 12:22). It will be interesting for us all to watch and see what happens with this stock as so far “the worst fears” expressed here have not come true just two days in.

From some of their news releases:

DALLAS, July 11, 2014 (GLOBE NEWSWIRE) -- Wilhelmina International, Inc. (OTCBB:WHLM) (the "Company") announced today a 1-for-20 reverse stock split of its outstanding common stock. The reverse stock split is being undertaken in connection with the Company's application to list its common stock on the NASDAQ Capital Market. The Company believes it meets all of NASDAQ's eligibility requirements with the exception of the minimum bid price requirement, which will be addressed by the reverse split.

"We believe an uplisting to the NASDAQ Capital Market will provide greater investor awareness of Wilhelmina's publicly-traded status, and its long, storied legacy as one of the largest and most successful model talent agencies in the World. In addition, the NASDAQ listing will provide a more appropriate trading venue for the Company's shares as we seek to establish the Wilhelmina brand name in consumer markets, and continue to grow the model and talent representation business in both domestic and international markets," commented Mark Schwarz, Executive Chairman of Wilhelmina.

The whole release http://online.wsj.com/article/PR-CO-20140711-909707.html

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3127
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Date Joined
01/04/2008
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POET Technologies Inc.
Symbol
PTK
Exchange
TSX-V
Shares
259,333,852
Industry
Technology & Medical
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