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Saturday, April 04, 2015 7:42:29 AM
On December 12, 2014, the Company's Board of Directors approved a reverse split of the Company's authorized, issued and outstanding shares of its common stock, par value $0.001, at a ratio of 30:1, such that every 30 shares of common stock becomes 1 share of common stock, which reduced the number of authorized shares of its common stock from 8.29 billion to 276,333,333. Shareholders holding a majority of the voting stock voted in favour of the amendment to our Certificate of Incorporation to effect the reverse stock split of thirty-for-one on January 15, 2015. All share numbers or per share information has been presented given the effect to the reverse stock split. On March 3, 2015, the authorized number of shares of common stock was increased to 5 billion.
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