Zippi Reverse Stock Split Leaves Investors With Penny Stock
This following shortly after a March, 2008 10-1 reverse stock split. Investors originally holding thousands of shares of Zippi stock checked their accounts to find 1 share remaining, trading at a fraction of a cent.
Said one investor, "I bought thousands of shares of Zippi stock based on the recommendation of a paid company consultant, who claimed that Ebay had invested $100,000 into the company. That turned out to be completely false, and just hype to pump the stock. I now have one ( 1 ) share remaining".
Robert A. Rositano Jr., CEO Zippi Networks, Inc., stated, "Zippi has been very fortunate in the development stages of our business to have built a loyal community of shareholders that believe in the Zippi offering".
Related News
-
Zippi Announces New Application
Zippi Networks, Inc., an Applications company focused on delivering entertainment, gaming, and social networking Apps for today's mobile lifestyle, announced its latest app release, "Millionaire Brain" Movies and TV edition. The company has received various accolades on their first release of the... Read More...Apple Approves Zippi Skins
Zippi Networks, Inc., an Applications company focused on delivering entertainment, gaming, and social networking Apps for today's mobile lifestyle, today announced that the company has received approval of its recently submitted iPhone app "Zippi SKINZ", now available in iTunes, a direct link is pro... Read More...Zippi Unveils Zippi Swap Review
Zippi Networks, Inc., an Applications company focused on delivering entertainment, gaming, and social networking Apps for today's mobile lifestyle, today announced that the company has just completed a review of its iPhone application "Zippi Swap." The "Zippi Swap" application provides a simple to u... Read More...Zippi Retains Legal Council
Zippi Networks, Inc. (Pink Sheets:ZIPZ), an Applications company focused on delivering entertainment, gaming, and social networking Apps for today's mobile lifestyle, today announced that the company has retained Mr. David Kahn for the specific function of reviewing Zippi's updated information state... Read More...
