Boston Carriers Inc. (fka BSTN)

[AISI304]

BSTN R/S "between 1-for-2 to 1-for-30,000" (6-K link)

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11996450

On February 14, 2017, Harris Frangos resigned as a member of the Board of Directors (the “ Board ”) of Boston Carriers, Inc. (the “ Company ”).

Effective March 3, 2017, the Board appointed William Corbett to serve as a Director of the Company.

On April 7, 2017, at the Annual Meeting of Shareholders of the Company, the Company’s shareholders approved:

(i) a resolution granting the Board discretionary authority to amend the Company’s Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company’s issued and outstanding shares of common stock in a ratio between 1-for-2 to 1-for-30,000, with the exact ratio within that range to be determined by the board (the “ Reverse Stock Split ”);

(ii) a resolution granting the Board discretionary authority to amend and restate the Company’s Amended and Restated Articles of Incorporation in order to provide more clarity and simplify the provisions relating to the Company’s capital structure and to authorize the creation of shares of “blank check” preferred stock; and (the “ Charter Amendments ”) (iii) the ratification of our independent registered public accounting firm (the “ Auditor Ratification ”).

As of March 3, 2017, the record date for the meeting, the Company had outstanding and entitled to vote 2,825,246,959 shares of common stock.