GenTech Holdings Inc (GTEH)

[samsamsamiam]

Pennyland? After 1 for 1000 r/s???

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11466592


WE ARE NOT ASKING YOU FOR A PROXY,
AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
INTRODUCTION
 
This Information Statement is furnished to the stockholders of Pocket Games, Inc., a Florida corporation (the “Corporation”), in connection with action taken by our board of directors and the holders of a majority in interest of our voting capital stock to effect:
 
(a) a one-for-50 reverse stock split of the Corporation’s authorized shares of common stock, and a one-for-1,000 reverse stock split of the Corporation’s issued and outstanding shares of common stock shall become effective, pursuant to which (i) each fifty (50) shares of Common Stock of the Corporation authorized immediately prior to the “Effective Date” (as defined), and (ii) each one thousand (1,000) shares of Common Stock of the Corporation issued and outstanding immediately prior to the Effective Date shall automatically, without further action on the part of the Corporation or any holder of such Common Stock, be combined into one (1) share of the Corporation’s Common Stock (“Reverse Stock Split”); and
 
(b) an amendment and restatement of our Articles of Incorporation (the “Restated Articles”) for the purpose of increasing the authorized common shares, and to designate certain classes of preferred stock.
 
The “Effective Date” of the Reverse Stock Split is 5:00 p.m. Eastern time on a date which shall be two (2) Business Days following the last to occur of (a) the latest date that a corporate action may be taken following the mailing of this Form 14C Information Statement to the stockholders of the Corporation, and (b) the approval by the Financial Industry Regulatory Authority (“FINRA”).


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