Thursday, November 05, 2015 12:20:10 AM
NOTE 5. FUTURE STOCK CONSIDERATIONS
Management is aware that Preferred B shares, if converted, would result in issued common shares exceeding the current
authorized limit. Management will address this in the near future
OLD POLICY
NOTE 5. FUTURE STOCK CONSIDERATIONS
The general shareholder consensus is to avoid a reverse stock split. Management concurs because it reduces shareholder value and confidence. Management will not use a reverse stock split to consolidate the issued shares. The consolidation will be achieved through further negotiation, share swap, buyback and other positive means. However, a reverse split will be necessary when PayChest is ready to advance to a higher trading exchange, such as the Nasdaq.
Nothing I state is intended to be a recommendation to buy or sell, opinion only. Readers are solely responsible for how they use the information.
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