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REVERSE STOCK SPLIT
12 Months Ended
Dec. 31, 2011
REVERSE STOCK SPLIT

NOTE 21 – REVERSE STOCK SPLIT

 

A reverse stock split of the issued and outstanding shares of the Company's common stock was effected on the basis of one share for every four shares of common stock and was approved by the Board of Directors and shareholders owning a majority of the outstanding shares of the Company’s common stock and became effective on October 12, 2009. All shares and per share data (except par value) have been adjusted to reflect the effect of the stock split for all periods presented.