"The 1-for-150 reverse stock split of the Company’s issued and outstanding shares of Common Stock (the “Reverse Stock Split”);
On November 24, 2014, the Board approved the Reverse Stock Split and recommended to the Majority Stockholders that they approve the Reverse Stock Split. On November 24, 2014, the Majority Stockholders approved the Reverse Stock Split by written consent in lieu of a meeting, in accordance with Nevada law. Accordingly, your consent is not required and is not being solicited in connection with the approval of the Reverse Stock Split."
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