Nov 12, 2002
1:12
For every 12 shares held, investors received 1. The price per share adjusted from $0.01 to $0.10.
The split itself did not change the total investment value.
Millennium Prime, Inc. (OTC:MLMN) operates in the Publishing: books/magazines industry.
Millennium Prime, Inc. company overviewMillennium Prime, Inc.'s most recent stock split was on November 12, 2002. It was a 1-for-12 reverse split, so shareholders received 1 share for every 12 they held.
Millennium Prime, Inc. (OTC:MLMN) has split its stock 3 times: a 1-for-200 reverse split on November 3, 1999, a 1-for-30 reverse split on April 18, 2002, and a 1-for-12 reverse split on November 12, 2002.
Millennium Prime, Inc. has split its stock 3 times. This history records 3 reverse splits between November 3, 1999 and November 12, 2002.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Millennium Prime, Inc.'s 1-for-12 reverse split on November 12, 2002, every 12 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Millennium Prime, Inc. has not announced a new split in our records. Its most recent split was on November 12, 2002, 23 years ago. Companies announce splits in advance, and any new OTC:MLMN split will appear on this page.