ERF Wireless, Inc Announces Proposed Changes to Future Public Trading Strategy and Top-Level Management Changes by the Board of Directors prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article
DALLAS, Feb. 5, 2021 /PRNewswire/
ERF Wireless, Inc. (OTC PINK: ERFB) The Company is issuing this press release to correct information in its January 28, 2021 press release indicating an Effective Date of a reverse split of the common stock in a ratio of 10,000 to 1. The subject reverse split did not happen as anticipated and reported by the Company due to inaccurate advice from an outside technical advisor. This error has also caused a ten-day trading halt as directed by the SEC. The Company will provide further updates as to the details as to the status of these matters as soon as possible.
Share this article
DALLAS, Jan. 28, 2021 /PRNewswire/
ERF Wireless, Inc. (OTC PINK: ERFB) The Board of Directors announced today that the Effective Date of its reverse split of the common stock in a ratio of 10,000 to 1 will be 5:00 p.m. EST on January 28, 2021. The company name will remain officially as ERF Wireless, Inc. and the symbol will remain ERFB.
About ERF Wireless, Inc.:
ERF Wireless, Inc. (
www.erfwireless.com), founded in 2004 as a Critical Communications Infrastructure Company , has long been associated with the energy sector by and through its provision of wireless internet and other services in the exploration, drilling, and production phases of oil and gas. All financials associated with the wholly-owned Zona Resources, Inc. oil and gas operations will be consolidated into the public ERF Wireless, Inc. holding company financials and would be expected be reflected in its common stock valuation for its public stockholders.