We are writing to advise you that certain stockholders, owning approximately 88.41% of our voting power approved by written consent in lieu of a stockholders' meeting, the proposal to increase our authorized shares of common stock from 250,000,000 shares of common stock, par value $0.001 per share to 3,000,000,000 shares of common stock, par value $0.001 per share. On May 5, 2015, our board of directors unanimously approved the above proposal and on the same date shareholders holding a majority of our voting power approved the proposal.
Let me guess anti takeover purposes right?
