Youngevity International, Inc. (OTCQX: YGYI), a leading omni-direct lifestyle company, today announced that the Company has filed a Certificate of Amendment to its Certificate of Incorporation to implement a 1 for 20 reverse stock split of the Company’s authorized, issued, and outstanding common stock in preparation for its proposed listing of its common stock on the NASDAQ Capital Market.
The reverse split was approved by the Company’s stockholders on February 23, 2017, followed by a unanimous vote by the Board of Directors.
The reverse stock split will become effective with the Financial Industry Regulatory Industry (FINRA), and in the marketplace on June 7, 2017 whereupon the shares will begin trading on a split adjusted basis under the symbol “YGYID”, with a “D” to be added for 20 trading days to signify that the reverse split has occurred.
After that time, the Company’s ticker symbol will once again be “YGYI.” Youngevity’s transfer agent, Fidelity Transfer, will act as exchange agent for the reverse split. Youngevity stockholders will receive forms and notices to exchange their existing shares for new shares from the exchange agent or their brokers. The NASDAQ listing, if approved, is expected to facilitate greater liquidity in the stock as well as enable broader
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Mannatech Review – Poised For Sharp Acceleration In Sales, Stock Exceedingly Cheap
by Ted Nuyten • • 0 Comments
Mannatech – a Triple A classified opportunity by Business For Home – is a public Direct selling company and stock analysts are increasing positive about the company:
“Mannatech sells vitamins, nutritional supplements, and dietary products to consumers through its website and independent sales associates. The company was founded in 1993 and has steadily grown by building one of the strongest patent portfolios within the industry (more than 3x the size of next closest peer), building a recognizable brand, and expanding aggressively on a global scale.
Current valuation suggests the stock is priced for some catastrophic event when, in fact, MTEX is completely unencumbered both financially and legally. Recent operating trends have been extremely strong, and the best may yet be to come as the company prepares for its mainland China debut.
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Herbalife Chairman And CEO Increases His Personal Share Holding In The Company
by Tina Williams • • 0 Comments
Global nutrition company, Herbalife (NYSE: HLF), today announced that Michael Johnson, Herbalife’s chairman and CEO, has engaged in a net exercise transaction involving 750,000 stock options that were granted to him in December 2004 and were due to expire in December 2014.
Because of his complete confidence in the continued and future success of the company, Mr. Johnson has decided that he will hold all the shares issued on exercise of the option, which will be the total amount, net of those necessary to cover the exercise price and any taxes related to the transaction.
About Herbalife Ltd.
Herbalife is a global nutrition company that has been changing people’s lives with great products since 1980. Our nutrition, weight-management, energy and sports and personal care products are available exclusively to and through dedicated Independent Herbalife Members in more than 90 countries.
We are committed to fighting the worldwide problems of poor nutrition and excess weight by offering high-quality products, one-on-one coaching with an Herbalife Member and a community that inspires customers to live a healthy, active life.
We support the Herbalife Family Foundation (HFF) and its Casa Herbalife Program to help bring good nutrition to children in need. We also sponsor more than 250 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy and champions in many other sports.
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