Grupo Resilient International, Inc. (OTC Pink: PRGE), formerly known as Paradise Ridge Hydrocarbons, Inc., operates as a diversified holding company, which focuses on real estate, infrastructure, energy, data services, transportation, health, and more. Shares of the holding company are declining 12.14%, through afternoon trading on Friday, August 4, 2017. Over the past month, Grupo Resilient International, Inc. has seen average daily volume of 68,460 shares. However, volume of 246,695 shares or dollar volume of $24,422, has already exchanged hands today.
Shares of Grupo Resilient International, Inc. are under pressure today, as the company begins its forward 3-for-1 stock split. The record date was on July 31, 2017 and ex-date of August 4, 2017. In addition, the company announced it has officially received approval to change its ticker symbol of “GRUI,” will goes into effect on August 10, 2017. Here is the full press release detailing of the forward stock split and symbol change:
Grupo Resilient International, Inc. Press Release:
DALLAS, August 2, 2017 /PRNewswire/ –Grupo Resilient International, Inc. fka Paradise Ridge Hydrocarbons, Inc. (OTC-Pink: PRGE) today announced that FINRA has completed its review and signed off on its name and stock symbol change, and its 3:1 forward stock split. Effective August 10, 2017, the company’s stock will begin trading under the new ticker “GRUI”. In addition, the company’s 3:1 forward stock split was approved with a 7/31/2017 record date, an 8/3/2017 payment date, and an 8/4/2017 ex-date. Please note that corporate actions involving a reverse or forward stock split will carry a “D” tag for 20 trading days following such action. Therefore, the company’s stock symbol will be “GRUID” for 20 trading days following the forward stock split.
About Grupo Resilient International, Inc.:
Grupo Resilient International, Inc. is a diversified international holding company headquartered in Addison, Texas, with subsidiaries focusing on Real Estate, Infrastructure, Energy, Data Services, Transportation, and Health and Wellness.
Forward Looking Statements:
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.