REVERSE STOCK SPLIT
The Board has approved a reverse stock split of all the outstanding shares of the Company’s Common Stock and Preferred Stock at an exchange ratio of 1 post-split share for 250 pre-split shares (1:250), up to 1 post-split share for 1,000 pre-split shares (1:1,000), or anywhere between those ratios, at the Board’s discretion (the “Reverse Stock Split”), and an amendment to the Company’s Certificate of Incorporation to effect such Reverse Stock Split. As part of the Reverse Stock Split, the Board will not reduce its authorized preferred stock and will only reduce its authorized common stock from 9,000,000,000 to 2,000,000,000. As stated above, the holders of shares representing a majority of the voting securities of the Company have given their written consent to the Reverse Stock Split.
This is pure scam which must be investigated and these crooks must be put behind bars.
