InvestorsHub Logo
Followers 170
Posts 8965
Boards Moderated 0
Alias Born 01/24/2011

Re: madmark7 post# 15728

Monday, 07/15/2013 11:32:52 AM

Monday, July 15, 2013 11:32:52 AM

Post# of 18730
No. FNJN hasn't set an actual date yet.

In the FNJNs filing announcing the reverse, they have "placeholders" where you would see a date, but those are blank.

EFFECTIVE DATES OF THE ACTIONS

The Reverse Stock Split will be effective upon the filing of the Certificate of Amendment with the Delaware Secretary of State, which will occur no fewer than 20 calendar days after the initial mailing of this Information Statement, or on or about [______], 2013. The Option Plan will be effective twenty calendar days after the initial mailing of this Information Statement, or on or about [______], 2013, prior to the effectiveness of the Reverse Stock Split.

OUTSTANDING SHARES AND VOTING RIGHTS

As of [____], 2013, the Record Date, the Company’s had 268,420,426 shares of its common stock issued and outstanding and no shares of preferred stock outstanding. Each share of the Company’s common stock entitles its holder to one vote on any matter submitted to the stockholders. However, because the stockholders holding at least a majority of the Company’s outstanding common stock as of the Record Date have voted in favor of approval of the Reverse Stock Split and the Option Plan by written consent, no other consents are solicited in connection with this Information Statement.


I expect that we'll see another filing soon that will include the dates.