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Tuesday, May 13, 2014 6:14:17 PM
In April 2014, the Company submitted an application to FINRA to change the name and stock symbol of the Company, and to effect a 1 for 200 stock split of its common stock. The Company has requested an effective date of May 16, 2014 for these actions. This prospectus does not reflect the effect of these actions.
The shares being registered and other disclosures throughout this prospectus reflect the following amendments to the agreements previously disclosed:
1.
On April 30, 2014, the Exchange of Securities Agreement by and among Internet Media Services, Inc. and U-Vend Canada Inc. effective January 7, 2014 , was amended to reflect the proposed reverse stock split ratio of 1 for 200. The January 2014 Agreement used an estimated reverse stock ratio of 1 for 133.
2.
Once the reverse stock split is effective, we anticipate amending the first three issued Cobrador notes and warrant agreements to reflect the proposed stock split ratio of 1 for 200. A reverse stock split ratio of 1 for 50 and 1 for 133 was used in the first three Cobrador notes and warrants. However, for the purposes of this registration statement we have adjusted the shares being registered under the Cobrador Notes to be reflective of the 1 for 200 reverse stock split.
They're only doing a 1:50 and 1:133 some of the notes. I'm surprised they're amending the notes at all.
@OTCMondragon
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