Sunday, March 22, 2015 11:18:40 PM
Reasons for the Reverse Split
The Board of Directors believes that the Reverse Split will provide the Company with greater flexibility with respect to the Company’s capital structure for such purposes as additional equity financing and stock based acquisitions and provide a more manageable amount of common shares issued and outstanding allowing the Company’s management to more efficiently manage shareholders’ interests.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10265242
if the above were true, they wouldn't be issuing HUNDREDS of MILLIONS of new shares, would they?
this is a total sham.
IMO
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