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Reverse stock splits result in a reduction in sharews accompanied by a proportionate increase inshare price, according to the U.S. Securitiews and Exchange Commission. Companies often use reversre stock splits when they believe the price of their stock is too low to attract investors to buytheir stock. International Monetary CEO Don Mardak said managemenf believes thatthe firm's sharde price is highly undervalued and that the move is a majore step toward the company'sx goal of being listed on the Americajn Stock Exchange or NASDAQ. The firm'as shares are now very thinly traded onthe Over-the-Countedr Bulletin Board.
The company's stock price was 11 cents a share as ofmidday Wednesday. International Monetary has more than 61 million shares outstanding. International Monetary Systemsserves 18,000 members representinb 23,000 cardholders in 50 North American
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