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Pangilinan announced the receipt of the bid documents yesterday in his Twitter account@iamMVP: "Recvd Bid Docs for 2019 FIBA Basketball World Cup.
The reverse stock split will take effect when trading opens on Wednesday, with the stock trading under the symbol 'RECVD' for 30 calendar days to reflect the split.
Effective at the opening of trading on 12 October 2011, the stock will trade with a "D" next to the symbol "RECVD" for 30 calendar days to signify the reverse stock split.