SMF ENERGY (FUEL) To Complete 1-for-4.5 Reverse Stock Split
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SMF ENERGY CORPORATION (Nasdaq: FUEL) announced that it will complete the previously announced reverse split of its common stock at a ratio of 1 share for each 4.5 shares held. The Company expects that the reverse stock split will become effective on September 30, 2009, and will result in approximately 8.56 million shares of common stock outstanding instead of the approximately 38.50 million shares currently outstanding.
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