you are misinterpreting the PRE14C. The entire content of the PRE14C will not take effect until around May 9, 2016.
the 20 days CLEARLY refers to "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."
Under Rule 14c-2 promulgated under the Securities Exchange Act of 1934, as amended (the "Act"), the Corporate Action cannot take effect until 20 days after this Information Statement is sent to the Company's stockholders. As mentioned earlier, the Company expects to effect the Common Stock Authorized Share Capital Increase and the Series B Preferred Stock Authorized Share Capital Increase by filing a Certificate of Amendment with the Nevada Secretary of State approximately twenty (20) days after the Mailing Date, which is anticipated to be on or about April 21, 2016.
There is nothing more that needs to be said.
