Replies to post #3192 on Safeplus International Holdings Ltd. (ACAI)

[The Real Titan]

At the Company’s annual shareholder meeting on September 12, 2008, shareholders were asked to approve a proposal to amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock to 800,000,000. This proposal was adjourned until December 1, 2008 (subject for further adjournment by those attending the reconvened meeting) or such earlier date as the Company obtains sufficient votes to approve this proposal.

[The Real Titan]

So what I read means they failed to get a sufficient number of votes to increase the AS, which is very good to hear.

[Ogclip ©]

Looks like we've got until Dec 1st to see whether they increase the AS.. It was adjourned until then.. Good news.




At the Company’s annual shareholder meeting on September 12, 2008, shareholders were asked to approve a proposal to amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock to 800,000,000. This proposal was adjourned until December 1, 2008 (subject for further adjournment by those attending the reconvened meeting) or such earlier date as the Company obtains sufficient votes to approve this proposal.