These filings are a direct representation of this Reverse Merger. This can no longer be refuted.
(2) "Among other things, the amended and restated articles of incorporation contemplated"
There were some that was confused about the Authorized Shares on the Nevada filing showing a 207,000,000 share count. The 8-K states the amended articles "contemplated", meaning it shows what the expected Authorized Shares WILL be after the Reverse Merger. The A/S and O/S have not changed.
I am assuming this means everything is completed, and waiting on final confirmation. This is further solidified with the filing of the restated articles (the Nevada Filings).
(1) The reverse split was stated in the first 8-K. Now we have an estimated date of the completion of this merger, if not sooner. As of before and now, Pixelmag's intends to go public and up-list to either NYSE:AMEX or NASDAQ.
PER LAST 8-K:
5.2 Boards of Directors. On the Closing Date, Holdings shall have the right to designate three (3) members to the board of directors of Solaris (the “Holdings Designee”) and one member of the board of directors of Solaris shall be designated by the existing management of Solaris (the “Solaris Designee”). Following the Closing Date, Holdings shall select sufficient number of independent directors who shall be persons meeting requirements of independence in accordance with the listing and maintenance rules and regulations of the Nasdaq Capital Markets or the NYSE:Amex relating to the potential uplisting of Solaris Common Stock.
(2) No reverse split will be completed until a Form 14C or approval by FINRA. This should answer those who believe the A/S has already changed.
The old CEO of Solaris (SPCL) has resigned just as the last 8-K stated. Neil Kleinman is now CEO. He is also in the Nevada Filings, linked above and here:
TO ALL: These are where most received their revenue estimates. The problem that occurred was that some were very enthusiastic about the "Projected" revenues, and estimated that the 2016 revenues will be 60, 65, 70+ Million. We need to be careful with revenue estimates to avoid "Pumping". Until Pixel's financials come out, we won't know for sure. All we can do is speculate with regards to the above websites (assuming they are correct).
(2) Pixel is protecting themselves on this. We don't know what their revenues are, and to state otherwise is mis-leading. Because they are private, we only have websites that state their estimated revenues.
"ASSUMING" they have estimated revenues of 45 Million (based on those websites), that technically would be significantly lower than 70 Million, hence Pixel stating "Significantly in excess".
They are covering themselves and rightfully so.
(3) This goes for all posts, negative or positive. As stated earlier, Pixel is in contact with the SEC and auditors and will submit once ready. These are the legitimate filings we need to go by.
(1) Neil Kleinman, New CEO/PEO of Pixelmag's/SPCL.
We are making forward progress, and are very close to completion. Know what you own.
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