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Wednesday, October 21, 2015 1:08:10 PM
The "most recent" shareholders meeting on 10/16 that was mentioned on 10/19 is what people were talking about. Austin P. referred to the 5 proposals and asked "does more shares mean they won't do a reverse split"? The conversation went on from there.
The meeting was to disclose the results of the proxy, which is what I referred to. Specifically Proposal 1:
PROPOSAL 1.
AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO INCREASE OUR AUTHORIZED COMMON STOCK FROM 150 MILLION TO 500 MILLION SHARES
PROPOSAL 2.
AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO INCREASE OUR AUTHORIZED PREFERRED STOCK FROM 1 MILLION TO 5 MILLION SHARES
PROPOSAL 3.
ISSUANCE OF 1,798,676 ADDITIONAL SHARES OF COMMON STOCK
PROPOSAL 4.
AMENDMENT OF 1,442,126 WARRANTS TO REDUCE EXERCISE PRICE TO $1.10
PROPOSAL 5.
AMENDMENT OF CONVERSION PRICE OF $1,250,000 ORIGINAL PRINCIPLE AMOUNT OF CONVERTIBLE NOTES TO $1.10
I can not find mention of the 5.6 million additional shares "issued" that YOU referred to since the Aug 31 prospectus? There was nothing said of these shares at the 10/16 special meeting.
To be fair, since there have been a few "additional shares" filings, I will retract the word "CLEAR" from my original comment since it obviously isn't! I do believe I was the one on track here and would appreciate your retraction of saying "Wrong again" & that I posted "misinformation", or show me where I was wrong.
Peace?
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