Wednesday, April 15, 2015 4:52:34 PM
As a result of the reverse stock split effected on November 4, 2014 on a one (1) share for one thousand (1000) shares basis, fractional share were automatically rounded up to the next higher whole share and any individual stockholder’s holdings that were reduced below 100 shares were issued additional shares to restore each such affected stockholder’s holdings to 100 shares. Accordingly, approximately 35,746 shares were issued due to rounding up fractional shares and the rounding of resulting odd lots to 100 shares. Thus, as of the date of this report, we have total outstanding shares of 106,259. Because brokers are responsible for delivering to the transfer agent customer shares that have not yet been split, there is a possibility that additional claims may be made for shares held in nominee name, although we believe that any such claims would not be significant.
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