Bond Laboratories, Inc. (BNDB.OB), a publicly held company, announced that the company intends to file with the NASD to implement a 2 for 1 forward split of all common shares, issued and outstanding.
Bond Laboratories shareholders, as of the record date, will receive two shares of common stock for each current share they own. For instance, shareholders owning 5,000 shares prior to the stock split will now own 10,000 shares following the forward split.
The company believes that this action will increase the amount of liquidity within the public market; thus, Bond Laboratories will be able to expand shareholder base. The official record date and payment date will be announced in a subsequent release, once this information is made available.
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