Transportation and Logistics Systems Inc (TLSS)

[Oceanfreedom]

From recent q: so possibly it's 28 million. Strange.


Stock Split

On November 22, 2016, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada to effect a reverse stock split of its outstanding and authorized shares of common stock at a ratio of 1 for 30 (the “Reverse Stock Split”). Upon the effectiveness of the Reverse Stock Split, the Company’s issued and outstanding shares of common stock was decreased from approximately 28,323,588 to 944,120 shares, all with a par value of $0.001. The Company has no outstanding shares of preferred stock.

Accordingly, all share and per share information has been restated to retroactively show the effect of the last three Reverse Stock Splits.

In addition, the Company increased authorized shares of common stock from 40,000,000 to 500,000,000 shares and its authorized shares of preferred stock remained at 4,000,000 shares.