"Each of the Board and the Majority Holder determined that it is advisable and in our best interest and that of our stockholders to restructure our capital. The Written Consent includes a resolution (i) to effect a Reverse Split of our Common Stock, at a ratio (“Exchange Ratio”) of not less than 1-for-10 and not greater than 1-for-20, as shall be determined in the sole discretion of the Board, on the terms described in this Information Statement; and (ii) in conjunction with a reverse split, to retain the number of authorized shares of Common Stock under our Amended Certificate of Incorporation at 120 million shares (“Authorized Shares”)."
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