still cant read I see. pretty sure the "foregoing corporate action" includes "the rollback".
We are sending you this Information Statement to inform you of the adoption of the Corporate Action amendment to the Company's Articles of Incorporation (the "Amendment"), on March 22, 2016, by a vote of stockholders holding a majority of the Company's voting power. The purpose of this Information Statement is to provide notice that the Company’s majority stockholders, holding an aggregate of 1,520,718,192 votes, representing 53.07% of the voting power of the Company as of the Record Date, executed a written consent authorizing and approving the following corporate actions (the “Corporate Action”):
1.
The Rollback;
2.
The Common Stock Authorized Share Capital Change;
3.
The Series A Preferred Stock Authorized Share Capital Change;
4.
The Series B Preferred Stock Authorized Share Capital Change.
The Certificate of Amendment to the Company’s Articles of Incorporation is attached hereto as Exhibit A.
The adoption of the foregoing Corporate Action will become effective 20 calendar days after the mailing of this Information Statement. The Board of Directors is not soliciting your proxy in connection with the adoption of this Corporate Action and proxies are not being requested from stockholders.
AI
