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Re: LaFortuna post# 13903

Wednesday, 01/07/2015 10:35:56 AM

Wednesday, January 07, 2015 10:35:56 AM

Post# of 17001
That's what the BOD decided
per the given 14C Filing

The board of directors also determined that it is in our best interests to effect the Reverse Stock Split and considered certain factors including, but not limited, to the following:

(i)
Current trading price of the shares of our common stock and potential to increase the marketability and liquidity of our common stock;

(ii)
Posturing our company and its structure in favorable position in order to effectively negotiate with potential acquisition candidates; and

(iii)
Provide our management with additional flexibility to issue shares to facilitate future stock acquisitions and financings.

There are no assurances, however, that the Reverse Stock Split will have this impact.

4.4 On the date of effective date of this Certificate of Amendment, the Corporation will effect a reverse stock split (the “ Reverse Stock Split ”) of its outstanding Common Stock pursuant to which every one hundred twenty five (125) issued and outstanding shares of the Corporation's Common Stock, par value $0.001 per share (the “ Old Common Stock ”), shall be reclassified and converted into one (1) validly issued, fully paid and non-assessable share of Common Stock, par value $0.001 per share (the “ New Common Stock ”). Each certificate representing shares of Old Common Stock shall thereafter represent the number of shares of New Common Stock into which the shares of Old Common Stock represented by such certificate were reclassified and converted hereby; provided, further , that no cash will be paid or distributed as a result of the Reverse Stock Split and no fractional shares will be issued. All fractional shares which would otherwise be required to be issued as a result of the Reverse Stock Split will be rounded up to the nearest whole share.



Basically exactly what we expected to take place...

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