Duos Technologies Group Inc (DUOT)

[-Awaken-]

yea...but still gapping, guess ppl dont care

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10351470

The LOI contemplates that in connection with the proposed merger ISA will implement a reverse stock split in a ratio of at least one share for 200 shares (1:200). ISA anticipates undertaking its efforts to implement the reverse stock split prior to the closing of the proposed merger. In the event that for whatever reason the reverse stock split is not implemented prior to the closing of the proposed merger, then in order to expedite the closing ISA will issue to the DUOS shareholders a newly created series ISA convertible preferred stock which will automatically convert into ISA common stock at the effectiveness of the reverse stock split such that the DUOS stockholders will receive in the aggregate 96% of the issued and outstanding common stock of ISA post-merger, on a fully diluted basis. The newly created series of ISA preferred stock may be necessary in light of the ISA’s limited availability of authorized and unissued common stock for the transactions contemplated by the LOI.