On or about the date we file this Notification, we will be filing a preliminary Schedule 14C Information Statement with the Commission to indicate that our control shareholder is acting by written consent to effect a number of corporate actions; namely, (a) to authorize a [non-bankruptcy] reorganization within the State of Colorado in accordance with the applicable provisions of IRS Code 368(a) et seq. and the Colorado Business Corporation Act; (b) to authorize a split down of our common stock at the ratio of 15,000:1; (c) to change our certifying accountant; (d) to convert the shares owned by the holders of our Series B Preferred Stock to shares of our common stock, then, to restate our Articles of Incorporation to eliminate our authority to issue Series B Preferred Stock, and (e) to transact any other business deemed necessary or advisable to further the Company's business and affairs to serve the best interests of the Company and its shareholders.
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