Shell Stocks; Reverse Mergers; Acquisitions; Zombies; Greys; & All "Other" Plays

[DJPele]

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Reverse Stock Split.

On May 16, 2016, Board of Directors of the Company together with the holders of the Company’s Series A voting preferred stock, representing a majority of the outstanding voting capital stock of the Company, approved the filing of amended and restated articles of incorporation of the Company with the Secretary of State of Nevada. Among other things, the amended and restated articles of incorporation contemplates: (a) a one-for-10 reverse split of the authorized capital stock of the Corporation to reduce the number of authorized shares of capital stock of the Corporation from 2,170,000,000 shares of capital stock to 217,000,000 authorized shares of capital stock, and (b) a one-for-100 reverse split of the issued and outstanding shares of Common Stock of the Corporation to combine the outstanding shares of Common Stock into a lesser number of shares of Common Stock of the Corporation (collectively, the “ Reverse Stock Splits ”). There shall be no change in the 10,000,000 shares of preferred stock authorized by the Articles of Incorporation or in the 1,000,000 issued and outstanding shares of Series A Preferred Stock.

http://ih.advfn.com/p.php?pid=nmona&article=71554371