Thursday, February 23, 2017 11:23:41 AM
entitled to receive notice of this Information Statement and upon implementation of a reverse split at a ratio of 10:1, if and when our
Board of Directors determines to implement it. We currently have 100 million authorized shares of Common Stock.
Number of currently outstanding shares 64,074,683
Number of currently outstanding shares, postsplit
(assumes 10:1 split) 6,407,468
Number of authorized but unissued shares, postsplit
93,592,532
Number of currently outstanding shares – fully diluted 73,579,683
Number of authorized but unissued shares fully
diluted, postsplit
92,642,032
(4)
The following table sets forth the same information as provided in the table above, but assumes that the increase of our authorized
Common Stock to 500 million shares has been implemented.
Number of currently outstanding shares 64,074,683
Number of currently outstanding shares, postsplit
(assumes 10:1 split) 6,407,468
Number of authorized but unissued shares, postsplit
493,592,533
Number of currently outstanding shares – fully diluted 73,579,683
Number of authorized but unissued shares fully
diluted, postsplit
492,642,032
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