San West, Inc (OTCBB: SNWT) and FINRA finalized the split date which was just announced yesterday....and volume FUELED the stock back upwards.
San West, Inc (OTCBB: SNWT) announced that "Finra has just informed [SNWT] our 5 for 1 forward split is set to
take place the opening of business tomorrow, 11/03/2009. "
Furthermore, "To clear up any and all misinformation, anyone owning shares in our company by the close of business today, 11/02/2009, will be eligible for the additional shares."
But beyond that, SNWT also announced that sales have been on the upswing which could bode well for shareholders.
SNWT's Sales Outlook "Very Strong"
Thanksgiving begins the prime retail season for the off-road industry, which typically ends Memorial Day weekend. SNWT is already showing positive signs of having a strong season. That's especially impressive during an economic downturn. That speaks volumes for the Company's growing popularity among consumers as well as it's success in driving sales to help the bottom line
The two high points in the news the Company released are the facts that.
(1) "pre-season sales are the highest they have ever been, suggesting a very strong season."
(2) Sales for our new partnership with
www.CountyImports.com have also started coming in. If you recall, "$3.2 Partnership" deal between the two companies was announced less than a full month ago on October 9th, 2009.
