MicroMed Cardiovascular Purchased and Taken Private by David Mackstaller and Rodger Ford and Some SynCardia Investors
MicroMed Cardiovascular, Inc. (OTCBB: MMCO), (“MicroMed”) completed all necessary steps by September 9 of 2008 and became private. The final step in the process was a reverse split of its common stock and a repurchase of the fractional shares from the MicroMed shareholders holding smaller positions. At the time of the reverse split, E-Wilson LLC (“E-Wilson”) had accumulated 97.5% of the outstanding MicroMed shares. MicroMed received confirmation of the reverse split on August 25, 2008, making E-Wilson the single shareholder of MicroMed.