QualityStocksNewsBreaks – OriginClear Inc. (OCLN) Preparing for Future Growth, Acquisitions
OriginClear (OTC: OCLN), a leading provider of water-treatment solutions, recently announced the implementation of a 1-for-2,000 reverse stock split in connection with its financial plan designed to boost capital structure for future growth and acquisitions. An article discussing the company reads, “The company’s reverse stock split is anticipated to help maintain the company’s bid price listing requirements on the OTCQB Venture Exchange. Implemented on October 24, the stock split resulted in the number of OriginClear outstanding shares of common stock decreasing from an estimated 6.2 billion to about 3.2 million (http://ibn.fm/nInJi). Also, as a result of the reverse stock split,…