TableMAX to complete reverse stock split
TableMAX Corp., the Las Vegas-based manufacturer of the electronic table game TableMAX System, will effect a one-for-6.172440476 reverse stock split of all of its issued and outstanding shares of common stock.
In connection with the reverse split and recent name change from CJPG, Inc. to TableMAX Corporation, a new stock symbol, “TBLX,” will be assigned to the TableMAX common stock effective as of August 19, 2008. The TableMAX common shares will continue to be quoted on the Pink Sheets on a post-split basis under the new stock symbol.
No cash will be paid or distributed as a result of the reverse split, and no fractional shares will be issued. All fractional shares which would otherwise be required to be issued as a result of the reverse split will be rounded up to the nearest whole number. The reverse split will be recorded on TableMAX’s stock transfer records in the form of book entry. As such, following the reverse split, the share certificates representing the pre-split shares will continue to be valid with the adjustment for the number of shares owned being made on TableMAX’s stock transfer records. Shareholders are not required to, but may at their own expense, tender to TableMAX’s transfer agent their certificates representing pre-split shares in exchange for certificated shares in the post-split share amount.