Very low float. This should move up soon
ITEM 8.01 OTHER EVENTS.
On December 24, 2014, Petron Energy II, Inc., a Nevada corporation (the “Company”) effectuated a reverse split (the “Reverse Split”) of its issued common shares whereby every One Thousand Five Hundred (1,500) pre-split shares of common stock were exchanged for one (1) post-split share of the Company's common stock. As a result, the total issued shares of common stock of the Company decreased from Eight Hundred Two Million Eight Hundred Fifty One Thousand Eight Hundred and Fifty Six (802,851,856) shares prior to the Reverse Split to Five Hundred Thirty Five Thousand Two Hundred and Thirty (535,235) shares following the Reverse Split. FINRA confirmed approval of the Reverse Split on December 23, 2014 and the Reverse Split became effective on December 24, 2014. The Reverse Split shares are payable upon surrender of certificates to the Company's transfer agent.
