Hangover Joe's Holding Corp. (fka HJOE)

[Luxeguy]

Looks like Veal has a plan I say there big buck coming into this company. Remember the naysayers have an agenda they are the ones who under funded when this company went public and Veal and team are about to teach lesson in store and finance


A message from Matt Veal CEO of Hangover Joe's about the 14c to Shareholders.

Hangover Joes Begins Reverse Split Process

Recently our company entered into negotiations with financers who expressed concern about our price having dropped as part of a series of convertible financings we have entered into in the last two years. Those Financings did bring us the success of a new product launch, several potentially large customer relationships and settlement of some issues that had been plaguing our company since we went public in 2012, but they left us with a capital structure that at least some parties believe either currently or will be soon in need of revision.
Today we filed a preliminary 14c with the Securities and Exchange Commission that will give our board the authority to enter into up to 200 for 1 reverse split in the coming year. It also provides us with an increase in authorized shares to facilitate future financings, settle outstanding debts and accommodate the issuance of stock to management and others for services performed with either partial compensation or none at all.
The arrangement gives our board the flexibility it needs and further details regarding these actions will be made available when the Company has completed the current cycle of negotiations (tentatively early 2015). We have big things happen on many fronts and there will be news on this after the first of the year. We feel that the company is going to become stronger than its ever been.

Matt Veal CEO