Smart Ventures Inc. (SMVR)

[NathanH]

And why exactly would they do a reverse split if they said this?

Smart Ventures Announces $10,000,000 Private Placement
HOUSTON, TX--(Marketwired - Mar 18, 2014) - Smart Ventures (OTC Pink: SMVR) (PINKSHEETS: SMVR) announces that it plans to offer a private placement of up to $10,000,000 at a price between .03-.05 per share. We have been in discussions with institutional investors regarding the capital raise to gauge levels of interest. The private placement is part of the company's growth strategy as the capital is necessary for targeted acquisitions. There appears to be significant investor interest to warrant a formal offering via 144 or Reg. A.