Looks like a 1-1000 RS to me
Dear Simlatus Corporation Stockholders;
NOTICE IS HEREBY GIVEN THAT on June 15, 2016, the Board of Directors of Simlatus Corporation., a Nevada corporation (hereinafter the “Company,” “we,” “our”), approved the following action:
To authorize a 1 for 1,000 reverse split of the Company’s outstanding shares of common stock.
On May 12, 2016, all Stockholders of record of Simlatus Corporation, were mailed a Proxy Statement requesting their vote and inviting them to a Shareholder’s meeting held on June 15, 2016, at 11:00 a.m. PST at the corporate office of Simlatus. Additionally, the Proxy Statement was filed with the Securities and Exchange Commission. No Shareholders of Simlatus Corporation, other than the President/CEO and the CFO, attended the Shareholder meeting and the Company received zero votes via US Postal Service, from Shareholders. The Company received written consent from four Shareholders holding a majority of the voting shares of the Company.
At the Shareholder’s meeting, the Board of Directors, and the majority shareholders, via written consent, voted for a 1 for 1,000 reverse split of the Company’s outstanding shares of common stock; the members of the Board of Directors present at the meeting, approved the reverse split. Accordingly, your consent is not required and is not being solicited in connection with the approval of the Reverse Split. No action is required by you.
The Company obtained the written consent of four stockholders holding 1,000 issued and outstanding shares of the Company’s Series B Voting Preferred Stock, which are equal to approximately 75% of the voting power of the Company’s outstanding capital stock, as of June 15, 2016 (the “Majority Stockholders”), to effect that reverse stock split (the “Reverse Split”). Pursuant to Rule 14c-2 promulgated pursuant to the Securities Exchange Act of 1934, as amended, the Reverse Split will not be effective until twenty (20) days after the date a Definitive Information Statement is filed with the Securities and Exchange Commission and a copy thereof is furnished to each of the Company’s stockholders. Notwithstanding the foregoing, we must notify the Financial Industry Regulatory Authority of the Reverse Split by filing the Issuer Company Related Action Notification Form no later than ten (10) days prior to the anticipated effective date of the Reverse Split.
This Information Statement (the “Information Statement”) has been filed with the Securities and Exchange Commission and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to the holders (the “Stockholders”) of the common stock, par value $.00001 per share (the “Common Stock”), of Simlatus Corporation., a Nevada Corporation (the “Company”), to notify such Stockholders that on or about June 15, 2016, the Company received written consents of Stockholders holding 13,738,434,045 shares of voting securities representing approximately 75% of the 18,317,912,060 total shares of voting stock of the Company (the “Majority Stockholders”) to authorize the Company’s Board of Directors to approve the following:
(1) to effect a 1 for 1,000 Reverse Split of the Company’s issued and outstanding shares.
On May 11, 2016, the Board of Directors of the Company approved the Reverse split, subject to Stockholder approval. A Shareholder’s meeting was called, scheduled for June 15, 2016, and notice was given to all Stockholders of record on May 12, 2016. Only the officers and two of the directors attended the meeting on June 15, 2016, at the corporate offices of the Company; the Majority Stockholders approved the Reverse Split by written consent. Accordingly, your consent is not required and is not being solicited in connection with the approval of the Reverse Split. The Reverse Split will become effective when we file the Certificate of Amendment (the “Amendment”) with the Secretary of State of the State of Nevada, twenty (20) days after the Definitive Information Statement is filed and furnished to Stockholders of Record, and approval is obtained from the Financial Industry Regulatory Agency (FINRA).
No action is required by you. The accompanying Information Statement is furnished only to inform our stockholders of the Reverse Split before it occurs, in accordance with the requirements of United States federal securities laws. This Information Statement is being mailed, or made available electronically, on or about June 20, 2016, to all of the Company’s stockholders of record as of the close of business on June 15, 2016.
