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Monday, June 29, 2015 7:41:51 PM
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
Your inquiry regarding the stock split of Metrospaces has been sent to the SEC's Office of Investor Education and Advocacy for a response. The questions you raise regarding the rules governing stock split are questions of corporate governance, which would be controlled by corporate law in the state of incorporation of the company. Most corporate decisions fall within the purview of the company’s board of directors, subject to what is generally known as the "Business Judgment Rule" of the state where the company is incorporated. In normal circumstances, the business judgment rule affords directors great discretion in the manner in which they conduct the business and affairs of the company. With regard to these questions, we suggest that you contact regulators in the State of Florida, where the company is incorporated, for any information they may be able to provide about fiduciary duty and the business judgment rule under Florida state law. The Florida regulator can be contacted at:
Florida Office of Financial Regulation
200 East Gaines Street
Tallahassee, FL 32399-0372 Ohio
(850) 410-9500
(850) 410-9748 (Fax)
http://www.flofr.com/
Please contact me with any questions.
Sincerely,
David Cohen
Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
www.sec.gov
www.investor.gov
www.twitter.com/SEC_Investor_Ed
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