I emailed the CEO asking this:
Please explain to me if you have any intentions in changing the share structure or making any changes you deem necessary regarding this;
The Share Freeze shall remain enforce until July 1, 2014. The only way to remove the freeze is with the consent of a majority of the Common shareholders only the Preferred shareholders are not allowed to vote in this matter. On July 1, 2014 the special provision with the Bylaws is automatically removed and the Company may make any changes to the share structure it deems necessary and in the best interests of the shareholders.
CEO response:
I addressed this last week in the MD&A I filed on OTCMarkets, the Company has not changed the shares structure since the Freeze was lifted. The Authorized shares have been the same since October of 2011 and the Outstanding has been the same since January of 2012.
The Company has no plans at this time to raise the A/S or O/S of the Company, and does not see a change in this policy in the foreseeable future as long as we can continue to collect on the monies owed to the Company.
I hope this help.
Matt
******CONFIDENTIALITY NOTICE*******
The information contained in this message, including any attachments, may contain PRIVILEGED, CONFIDENTIAL and/or PROTECTED information protected by Federal Secrecy Laws and Secrecy Law Penalties; that is intended to be delivered only to the person identified above. If you are not the intended recipient, you are hereby notified that forwarding or copying of this email, or the taking of any action in reliance on its contents, may be strictly prohibited. The sender requests that you immediately notify the sender and asks that you do not read the message or its attachments, and that you delete them without copying or sending them to anyone else.
