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Heavenly Slender Foods Inc

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BUSINESS
March 8, 1994
Heavenly Slender Foods Inc. on Monday reduced its number of outstanding shares from 8.4 million to 840,000, increasing the price of its shares tenfold. The company's stock closed Friday at 22 cents per share in over-the-counter trading; on Monday, it was offered at $2.20 per share and closed at $1.875. "We wanted to get the share price closer to $3, the level it needs to be to qualify for trading on the Nasdaq," said company spokesman Shannon Squyres.
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BUSINESS
March 8, 1994
Heavenly Slender Foods Inc. on Monday reduced its number of outstanding shares from 8.4 million to 840,000, increasing the price of its shares tenfold. The company's stock closed Friday at 22 cents per share in over-the-counter trading; on Monday, it was offered at $2.20 per share and closed at $1.875. "We wanted to get the share price closer to $3, the level it needs to be to qualify for trading on the Nasdaq," said company spokesman Shannon Squyres.
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