eMerge Interactive, Inc. (EMRGD) Quote

Eeee....I am glad that I got out...RJ

that don't sound peachy

eMerge Interactive, Inc. Holds Annual Meeting and Approves Reverse Stock Split
Friday May 19, 3:09 pm ET


SEBASTIAN, Fla., May 19 /PRNewswire-FirstCall/ -- eMerge Interactive, Inc. (Nasdaq: EMRG - News), a technology company focusing on the agricultural industry, today announced that it held its annual meeting of shareholders on May 18, 2006. At the annual meeting, the Company's shareholders elected the following four directors to serve one-year terms: David C. Warren, John C.


At the annual meeting, the shareholders also approved an amendment and restatement of the Company's certificate of incorporation to (i) effect a reverse split of the Company's outstanding shares of class A common stock by a ratio of one-for-five to one-for-fifteen, inclusive and, in connection therewith, (ii) reduce the number of authorized shares of common stock and preferred stock, and also to (iii) eliminate several series of common and preferred stock, (iv) change the designation of class A common stock, par value $0.008 per share, to common stock, par value $0.01 per share, (v) clarify the Board of Directors' authority to set the terms of and issue series of preferred stock in the future and (vi) make certain typographical corrections.

Acting pursuant to the authority granted to them by the shareholders, the Company's Board of Directors approved a reverse stock split at a ratio of one- for-fifteen (the "Reverse Split"). The Board of Directors designated the close of business on May 31, 2006 as the record date for the Reverse Split. The Company intends for the amended and restated certificate of incorporation implementing the Reverse Split and the other amendments approved by the shareholders to become effective at the close of business on May 31, 2006. The Company intends for the split-adjusted shares to begin trading on June 1, 2006.

In the Reverse Split, each fifteen shares of issued and outstanding class A common stock will automatically be combined into and become one share of common stock. No fractional shares will be issued in connection with the Reverse Split, and holders of fractional shares will receive cash in lieu of their fractional shares.

In connection with the Reverse Split, the number of authorized shares of common stock will be reduced from 100,000,000 to 9,000,000 and the authorized shares of preferred stock will be reduced from 15,000,000 to 1,000,000. After giving effect to the Reverse Split, the Company will have approximately 4.0 million shares of common stock outstanding. The Reverse Split will affect all shares of eMerge Interactive's common stock, including underlying stock options and warrants outstanding on the Record Date.

About eMerge Interactive

eMerge Interactive, Inc. is a technology company focusing on the agricultural industry. The Company's products include CattleLog(TM), a USDA- approved Process Verified Program ("PVP") providing individual animal data collection and reporting that enables livestock tracking, verification and branding; the VerifEYE CIS, a real-time, optical inspection system that scans beef carcasses in packing plants; and the Solo handheld inspection unit, a portable instrument, incorporating the VerifEYE imaging technology. For more information about eMerge Interactive, including the risks and uncertainties associated with its business, and to view its filings with the Securities and Exchange Commission, please visit http://www.emergeinteractive.com .

Hey RJ, I think so too :))

I sold out for a small loss...BUT I will consider buying back my shares...in time!!
Given that it continues to be at this discount!!
I like it LONG term...but NOT short!!
Great Buy and Hold!!

Anybody out there? or still in this stock? Any ideas would be appreciated, thanks :)))

I bought some of this company on Friday at .53...what is the latest on it? Thanks, hope everyone is having a great weekend...RJ Trotts

i think it will ..but it might be a while

So what will be with this company?
will the shares ever go up??

http://biz.yahoo.com/prnews/040810/nytu085_1.html

http://biz.yahoo.com/prnews/040810/nytu085_1.html

Hey any body know whats the status with this company or any comments please post