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Re: king koopa post# 443

Wednesday, 03/19/2014 4:32:28 PM

Wednesday, March 19, 2014 4:32:28 PM

Post# of 465
SYNW The Reverse Split will be effected by filing an amendment to the Company’s Articles of Incorporation with the Nevada Secretary of State’s office and will become effective upon such filing. The actual timing of any such filing will be made by the board of directors based upon its evaluation as to when the requisite approvals are received and the requisite waiting periods have passed. The Company is currently authorized to issue 150,000,000 shares of its common stock of which 103,046,175 shares are currently issued and outstanding. The Reverse Split of the Company’s common stock will not cause a decrease in the number of authorized shares of common stock. The Reverse Split will, however, reduce the number of issued and outstanding shares of common stock from 103,046,175 to approximately 103,046 shares. The Reverse Split will not have any effect on the stated par value of the common stock. The effect of the Reverse Split upon existing shareholders of the common stock will be that the total number of shares of the Company's common stock held by each shareholder will automatically convert into the number of whole shares of common stock equal to the number of shares of common stock owned immediately prior to the Reverse Split divided by 10, with an adjustment for any fractional shares. (Fractional shares will be rounded up into a whole share).

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=CeDficXBn2E6C8g%252bmYaQmw%253d%253d&nt7=0

They split the outstanding and leave common for more dilution LOL.



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