$VOLT LOW FLOATER IT SEEMS. I love low float stocks with this chart setup. A small group that voted to change the name has over 50% of the shares outstanding.
FROM DEF14c - 03/19/14 Changing name
The purpose of this information statement is to inform the holders of record of shares of our common stock and preferred stock as of the close of business on the record date, March 14, 2014 that our board of directors has recommended, and that a majority of our stockholders intend to vote in favor of a resolution which will accomplish the following:
- Amend our articles of incorporation to change the name of the corporation to VOLT SOLAR SYSTEMS, INC.
We have four consenting stockholders who each hold the number of shares of our common stock listed opposite their name as per the following:
Sharon Altman
35,000,000
Malcolm Adler, our president and director
2,000,000
Lindsay Hertzog
1,259,064
Jeffery Martin
3,590,453
On the record date of February 25, 2014 we had 76,581,591 shares outstanding. As a group the consenting stockholders hold a total of 41,849,517 shares of our common stock. The consenting stockholders will vote in favor of the proposed corporate actions. The consenting stockholders will have the power to pass the proposed corporate actions without the concurrence of any of our other stockholders.
The consenting stockholders will have the power to vote their collective consenting stockholders shares of the common stock of 41,849,517, which equals 54.65% of the issued and outstanding shares of the common stock on the record date.
This information statement is being mailed on or about March 21, 2014 to all stockholders of record as of March 14, 2014.
We appreciate your continued interest in FIRST POWER AND LIGHT, INC.
Very truly yours,
__________________________________________
Malcolm Adler
President
