This excerpt taken from the DDIC 8-K filed Feb 8, 2006.
Item 3.03 Material Modifications to Rights of Security Holders.
On February 3, 2006, DDi Corp. (the "Company") effected a 1-for-7 reverse split of its common stock, par value $0.001 per share. The reverse split was approved by the Company’s shareholders at a shareholder meeting held on August 5, 2005. As a result of the reverse stock split, every seven shares of the Company’s issued and outstanding common stock were automatically converted into one share of common stock. The Company will not issue fractional shares of common stock in connection with the reverse split. Rather, shareholders will receive a cash payment equal to the value of the fractional shares that they otherwise would have received. The reverse stock split will reduce the number of the Company’s outstanding shares from approximately 127.9 million to approximately 18.3 million shares. The reverse split will also result in a proportionate adjustment to the number of shares issuable upon conversion of the Company’s Series B Preferred Stock and the number of shares underlying stock options and warrants outstanding immediately prior to the effective date of the reverse split. Proportionate adjustments will be made to the per share exercise price of all outstanding options and warrants. Additionally, the reverse split affects the total shares issuable in the future under the Company’s stock option plans.