ACLP - Pending R/S 1 for 500 (DEF 14C Jan 23, 2015)
The Majority Stockholder authorized the Company to take the following actions (collectively, the “ Actions ”):
At the discretion of the Board of Directors, perform up to a one-for-five hundred (1:500) reverse stock split of the Company’s issued and outstanding shares of Common Stock, while maintaining the number of authorized shares of Common Stock and preferred stock at any proportion (which will likely differ from the reverse stock split ratio) the Board of Director’s deems appropriate in its discretion (the “ Reverse Stock Split ”); and
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.