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ADTM - Prudent to Decrease the Authorized Shares

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trader53 Member Level  Wednesday, 11/08/17 08:35:03 AM
Re: fuzzymcilwoods post# 27989
Post # of 28327 
ADTM - Prudent to Decrease the Authorized Shares


Our board of directors believes that it is prudent
to decrease the authorized number of shares

of our common stock
from 14,000,000,000 shares to 200,900,000 shares
in order to reduce our tax liability
while maintaining an adequate reserve
of authorized but unissued shares
to save time and money in responding to future events
requiring the issuance of additional shares
of our common stock,
such as acquisitions or equity offerings.

The board of directors has adopted
an amendment and restatement
of our Certificate of Incorporation
to decrease the number of authorized shares

of our common stock
from 14,000,000,000 shares to 200,900,000 shares.

The decrease in the number of authorized shares
will have the effect of preventing the Company
from issuing or reserving shares of common stock
as applicable, in excess of the amounts
provided in the proposed amendment
to the Company’s Amended and Restated
Certificate of Incorporation.

In order to reduce our tax liability,
our board of directors has determined that
it is in our best interest
and that of our stockholders
to amend our Certificate of Incorporation
to decrease the number of authorized shares
of our common stock.


All Authorized but unissued shares of our common stock
will be available for issuance from time to time
for any proper purpose approved by our board of directors
including issuance in connection with stock-based
employee benefit plans.


https://www.investopedia.com/ask/answers/06/authorizedshares.asp?ad=dirN&qo=serpSearchTopBox&qsrc=1&o=40186

https://www.upcounsel.com/authorized-shares

https://www.investopedia.com/ask/answers/012715/why-would-i-need-know-how-many-outstanding-shares-shareholders-have.asp?ad=dirN&qo=serpSearchTopBox&qsrc=1&o=40186


ADTM - Nevada SOS Confirms A/S is 200,900,000

Nevada Secretary of State:
Ph: 702-486-2440


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136031552


_________________________________________________________________



http://adaptivem.com

https://www.adaptivem.com/

https://twitter.com/johnbstrong

_________________________________________________________________


http://www.otcmarkets.com/stock/ADTM/profile

http://www.allotcbb.com/quote.php?symbol=ADTM

https://www.barchart.com/stocks/quotes/ADTM/overview

http://www.investorpoint.com/stock/ADTM-ADAPTIVE+MEDIAS+INC/market-makers-level2/


Business Entity Information
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=OYKLULI9sfbxw%252fgdGmzMzQ%253d%253d&nt7=0

Actions\Amendments
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=OYKLULI9sfbxw%252fgdGmzMzQ%253d%253d&CorpName=ADAPTIVE+MEDIAS%2c+INC.


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