Sunday, December 27, 2015 12:36:14 PM
Accordingly, Stockholders are being requested to approve a 500-for-1 reverse split of the outstanding shares of the Company’s common stock.
The reverse split, if adopted, would not change the number of shares of common stock which the Company is authorized to issue. However, a reverse split would reduce the number of the Company's outstanding shares, which would enable the Company to issue more shares than it would be able to issue if the reverse split was not adopted.
No fractional shares will be issued if the reverse stock split is approved. The Company will pay $0.001 for any fractional share resulting from the reverse stock split. To obtain payment, shareholders owning a fractional share must send a written request to the Company at the address shown on the first page of this proxy statement.
At the present time the Company’s common stock trades on the over the counter market system maintained by the OTC Markets Group. The Company has no plans to terminate the registration of its common stock under the Securities Exchange Act of 1934 as a result of the stock split.
The Company's Board of Directors recommends that stockholders vote for this proposal.
LET'S ALL MAKE SOME $$$$$$$
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