ANII.OB now listed as BTCP.OB

September 11, 2006 By Jonathan Ping 7 Comments
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Despite some last-minute scares, for those keeping track of the Advanced Nutraceuticals reverse split that I am participating in, it looks like there has been some progress. From their most recent SEC filings and more specifically this press release:

Advanced Nutraceuticals, Inc. announced today that in connection with its Annual Meeting held on September 8, 2006 all items submitted to the Company?s shareholders were approved… As a result of the reverse stock split and following the re-purchase by the Company of fractional shares resulting from the reverse stock split on the basis of $4.00 per share, there will be fewer than 300 shareholders of record of the Company?s common stock. Prior to the termination of the registration of the Company?s common stock, shares will be traded on the Over-The-Counter Bulletin Board under the Company?s new symbol: BTCP.OB… On September 8, 2006, the Company?s lender verbally agreed to waive the $1.0 million cap on the amount of funds available for the fractional share re-purchase.

Above is only an excerpt, but things are looking up. The chickens haven’t quite been hatched yet though, so don’t count ’em.

Filed Under: Investing
Last updated: September 11, 2006
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Comments

  1. Brian says
    October 1, 2006 at 7:25 am

    FYI – link

    Looks like you (and I) were not the only ones to purchase on the hopes of a reverse split. Now the board is reconsidering – guess we’ll wait and see…

    Reply
  2. Jonathan says
    October 1, 2006 at 7:31 am

    The date on that report is August 31st (a month ago) – the reverse split has already occurred and we’re just waiting to get our cash. The powers that be really wanted this reverse split to happen…

    Reply
  3. George says
    October 4, 2006 at 9:59 pm

    Cash arrived in my account today for the former Advanced Nutraceuticals. You might have also received cash today as well.

    Reply
  4. Jaro says
    October 5, 2006 at 2:44 am

    I got cashed out by TD Ameritrade yesterday – so people should be seeing this money soon.

    Reply
  5. Jonathan says
    October 5, 2006 at 7:45 am

    No cash in my Scottrade account yet. But I’m glad to hear some people got it already.

    Reply
  6. Joseph says
    October 5, 2006 at 7:57 am

    Got my cash today in my TD Ameritrade account. Thanks for the heads up on this deal, talk about easy money.

    Reply
  7. Brian says
    October 7, 2006 at 8:52 am

    Yup – mine came in for a cool $280 return in a little over a month. Not bad at all!

    Reply

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