Accredited Solutions to Meet With Outside Advisors Over the Weekend to Finalize Decision on Potential Reverse Stock Split

Accredited Solutions (OTC: ASII), parent company of Diamond Creek Water, is considering a 500-to-1 reverse stock split of its issued common stock.

Rhea-AI Summary

Accredited Solutions (OTC: ASII), parent company of Diamond Creek Water, is considering a 500-to-1 reverse stock split of its issued common stock. The company will hold zoom meetings with outside financial and legal advisors over the weekend to make a final decision on executing this resolution. Diamond Creek Water produces ionized alkaline bottled water distributed in major grocery and convenience store chains. This potential corporate action could significantly impact the company's stock structure and investor holdings.

Positive

• Potential reverse stock split could improve stock price and attract institutional investors
• Company is consulting with outside financial and legal advisors for decision-making

Negative

• Reverse stock split may indicate financial difficulties or attempt to avoid delisting
• Potential significant reduction in number of outstanding shares could impact liquidity
• Shareholders may experience a decrease in the number of shares they own

Argus Publication session

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Details

News Market Reaction – ASII

In the trading session that priced this news, ASII declined 33.33%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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NEW YORK, NY, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, an ionized alkaline bottled water distributed in major grocery and convenience store chains, is considering a reverse stock split of its issued common stock.

The company will be having a series of zoom meetings with outside financial and legal advisors over the course of the weekend to make a final decision over the option to execute a resolution to authorize and put into effect, a 500-to-1 reverse stock split.

Sincerely,
Eduardo Brito, CEO

Relevant Links:
https://www.diamondcreekwater.com

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

Accredited Solutions, Inc. Contact:
contact information:
info@diamondcreekwater.com
Follow Us on:
X (Twitter): @asii_Inc
Source:
Accredited Solutions, Inc.
https://www.diamondcreekwater.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Accredited Solutions (ASII) considering for its stock?

Accredited Solutions (ASII) is considering a 500-to-1 reverse stock split of its issued common stock.

When will Accredited Solutions (ASII) make a decision on the reverse stock split?

Accredited Solutions (ASII) will make a final decision over the weekend of August 1-2, 2024, after meetings with outside advisors.

What is Diamond Creek Water, owned by Accredited Solutions (ASII)?

Diamond Creek Water is an ionized alkaline bottled water brand distributed in major grocery and convenience store chains.

How might the potential reverse stock split affect Accredited Solutions (ASII) shareholders?

If implemented, the 500-to-1 reverse stock split would significantly reduce the number of shares each shareholder owns, potentially impacting stock price and liquidity.