The Actions will be effective 20 days from the mailing of this Information Statement, which is expected to take place on March 3, 2017, and such Actions will result in the following:
500 FOR 1
Under the plan of recapitalization and reverse stock split, each five hundred (500) shares of the Company’s outstanding common stock on the effective date (the “Old Common Stock”) of the reverse stock split (the “Effective Date”) will be automatically changed into and will become one share of the Company’s New Common Stock (the “New Common Stock
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