Microelectronics Technology Co. (fka MELY)

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Divy does not get affected :

EFFECT OF THE REVERSE SPLIT

The principal effect of the Reverse Split will be the reduction in the number of shares of our common stock issued and outstanding on the effective date of the Reverse Split, from 6,702,841,204shares, as of the effective date, to approximately 6,702,841 shares (without giving effect to the conversion of the then outstanding convertible indebtedness) depending on the number of whole shares issuable for fractional shares resulting from the Reverse Split).

The Reverse Split will affect all of our common stockholders uniformly.The Reverse Split, however, will adversely affect our common stockholders percentage ownership interests in the Company and their proportionate voting power, as the number of shares of the Series B Voting Preferred Stock, the shares of the Class A Non-Voting Convertible Preferred Stock and Series C Non-Voting Convertible Preferred Stock will not be decreased. Accordingly, the Reverse Split will dilute the equity interests and earnings per share of the existing holders of our common stock.The shares of our common stock issued pursuant to the Reverse Split will remain fully paid and non-assessable. The Reverse Split will not increase or decrease the market capitalization of the Company, although the capitalization will increase upon the conversion of indebtedness. The Reverse Split is not intended as, and will not have the effect of, a “going private transaction” under Rule 13e-3 of the Exchange Act.