According to ShelfAwareness, Borders may seek to obtain approval for a reverse stock split wherein 3 shares become equal to one share. This move is to avoid getting delisted by the NYSE.
Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She self publishes NA and contemporaries (and publishes with Berkley and Montlake) and spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty. You can reach Jane by email at jane @ dearauthor dot com→ Jane