Vision Industries Corp. (fka VIICQ)

[RSALAZAR]

Was reading about the A/S proposal DEFA14A filed on Aug 4, 2014 and noticed that the increase will have NO IMPACT to the current O/S. VIIC was paying off debt and they needed to increase A/S to do so.

http://www.sec.gov/Archives/edgar/data/1405424/000117337514000195/def14aavision071514.htm
"Our Articles of Incorporation currently authorize the issuance of up to 500 million shares of capital stock comprised of 498 million shares of Common Stock, as well as 2 million shares of preferred stock. If approved, this proposal would amend our Articles of Incorporation to increase the authorized shares of Common Stock to 9.998 Billion shares and leave the number of authorized shares of preferred stock unchanged. This proposal will have no impact on our currently outstanding shares."


Below, VIIC file shows multiple Lenders converted their loans to Common Shares. Very interesting.
http://www.sec.gov/Archives/edgar/data/1405424/000117337514000222/R14.htm


Between Nov 12 and Dec 12, VIIC may pursue to meet quorum for the said increase. I believe there will still be NO IMPACT to current O/S as originally stated.