JNS Holding Corp (JNSH)

[Neophius]

http://ih.advfn.com/p.php?pid=nmona&article=73803973

Looks like CCGI is initiating a 50-1 RS.

The Board believes the Reverse Stock Split is necessary and advisable in order to meet the initial listing requirements of The NASDAQ Capital Market (“NASDAQ”). The Board also believes that the Reverse Stock Split and any resulting increase per share price of the common stock could also enhance the acceptability and marketability of the common stock to the financial community and investing public. Further, the Board is of the opinion that it is advisable to change the name of the Company to more appropriately reflect the Company’s business focus.

The Reverse Stock Split would decrease the number of outstanding shares but not the number of authorized shares. The Reverse Stock Split is not being made in connection with any going- private transaction, nor does management currently have any intention to effectuate the privatization of the Company. There can be no assurance that the Reverse Stock Split will result in the benefits described above. The Company cannot assure you that the Reverse Stock Split will not further adversely impact the market price of the Common Stock.

ROFL! I'm sure they're truly going to uplist. Oh, and the A/S won't change; they'll be able to dilute all over again. Good luck!

Better change that name just in case, so people forget the ridiculous crap they've pulled.

EDIT: Just to clarify, the original document is from 11/22/2016; this is a revised document that was just released. I had actually forgotten all about it; this is a good reminder of what we're dealing with.