SDVI BULLISH: NO R/S, NO NEW Share Issuances+NON-Dilutive_4_Merger_Completion! This is blockbuster news today and what SDVI has done. Non dilutive preferred shares for the 4 mergers, NO R/S and NO New shares can be issued till AT LEAST April 1, 2017 weeeeeeeeeeeeeeeeeeeeeeeeeeee
As part of the new strategy for Signature Devices, Inc. the company has started the acquisition process of 4 IoT companies. Preferred stock will be issued for the acquisitions and no common stock, thereby not diluting existing public common stock shareholders.
The company has no plans for the near term to do any reverse split of the stock. The company cannot issue any authorized shares for any financing or other activities until after April 1st, 2017.
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