The language of the 10k reads that>>> the r/s already took place....Common stock, $0.0001 par value; 500,000,000 shares authorized; issued and outstanding 25,595,902 and 19,219,070, respectively
the number of shares of capital stock issued and outstanding will be reduced to the number Common stock, $0.0001 par value; of shares of capital stock issued and outstanding immediately prior to the effectiveness of a Reverse Split, divided by up to one thousand (1,000). Each fractional share shall be rounded up to the nearest whole share. There will be NO change to the number of authorized shares of Common Stock and Preferred Stock as a result of a Reverse Split.
As a condition of the execution of WOD Definitive Agreement, as described more fully under Subsequent Events in Item 12 herein, on August 26, 2016, our Board of Directors approved a Reverse Split of the Company’s Common Stock at a ratio of 1:1,000, pursuant to the prior approval effective as of October 15, 2015.
As of August 26, 2016 (the "Record Date"), the Company had 130,237,299 shares of Common Stock issued and outstanding out of 500,000,000 authorized shares of Common Stock and 2,000,000 shares of Series B Convertible Preferred Stock issued and outstanding out of 50,000,000 authorized shares of Series B Convertible Preferred Stock.
Holders of record of the Common Stock and Series B Convertible Preferred Stock at the close of business on the Record Date were entitled to participate in the written consent of our shareholders. Each share Common Stock was entitled to one vote and each share of Series B Convertible Preferred Stock was entitled to vote 1:1,000 to each share of Common Stock.
REVERSE SPLIT
At the effective time of the Reverse Split, all of the outstanding shares of our outstanding Common Stock WERE automatically converted into a smaller number of shares, at the reverse split ratio of 1:1,000.
