Forward Stock Split - On October 27, 2009, Insight Management Corporation announced a 7-for-1 forward stock split. On November 6, 2000 the company announced that ISIM management and the board of directors have changed the record date (effective date) of the previously announced 7-for-1 forward stock split to Friday, November 6, 2009 with a payable date of Monday, November 9, 2009 as a result of a delay in approval by FINRA due to additional information requested. Each shareholder of record on November 6, 2009 who holds common stock will be entitled to receive 7 shares for every one share held.
Correction to the press release: ISIM shareholders holding shares through a brokerage account will have their shares automatically adjusted electronically with the Company’s transfer agent to reflect the forward stock split on the effective date. Shareholders with physical certificates will be mailed new certificates. Please fill out the update form below to confirm your mailing address.
Merger - On June 29, 2009, Insight Management Corporation (ISIM) and Microresearch Corporation (MCEA) of Orcutt, CA, completed the merger first announce in April. Pursuant to the agreement, Microresearch shareholders will receive 1.5 ISIM common stock shares for each common stock share they own in MCEA. This exchange shall be automatic once the conditions of the definitive agreement are satisfied. Prior Insight Management shareholders will not change their holdings in ISIM.
Note to Microresearch Shareholders - All Microresearch common stock shares have been canceled and converted to Insight Management certificates (ISIM). The merger agreement resulted in a reverse merger under which MCEA become a wholly owned subsidiary of Insight Management which trades on the OTC Bulletin Board. All shares in Microresearch (MCEA) were converted to ISIM as stated above. The business strategy is the same under the new name. The purpose of this merger is to allow a larger market for our shareholders and also allows the shareholders a shorter holding period because the company is fully reporting with the SEC.
The company is in the process of confirming all addresses of former MCEA shareholders prior to mailing the new certificates. If you have not received your certificate yet, please send us your most current contact information below or call us at 1-866-787-3588.
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