WOD Retail Solutions Inc. (fka WODI)

[NunyaBidness]

Where/What was the good news?

It looks like they are going to go ahead with the reverse split - again.

Am I reading this wrong?

Same thing they did 3 years ago when they did the reverse split. They took the price up to $3 a share, and have done nothing but sell off shares down to the current price.

Seems like anyone invested in this company is about to get bent over - again.

Until a minimum of at least $4 million in additional capital contributions have been made by the Company to WOD, resulting in a controlling ownership interest of not less than 60% of WOD by the Company, all the Shares of Company stock earmarked for the equity exchange with WODH is being held in a Voting Trust (as defined elsewhere in this filing), along with other key shareholder positions, in order to recapitalize the Company post a 1:1000 reverse split (which was previously approved), pending effectiveness after the Company becomes a current as fully-reporting public company, and thereafter sets a precise effective date and completes the required filing with the State of Florida.