On November 8, 2017, our Board of Directors and stockholders holding 6,798,033,108 shares of Common Stock, representing 52% of our outstanding voting stock, in accordance with Section 78.320 of the Nevada Revised Statutes, have consented in writing to the following corporate actions of approving a reverse stock split of our common issued stock, $0.0001 par value per share, at a ratio of 1:2500, with authorization to our Board of Directors to act on this ratio (the “Reverse Stock Split’) and a decrease in authorized Common Stock shares from 24,950,000,000 to 850,000,000. We will affect the Reverse Stock Split and decrease in authorized Common Stock shares by amending our Articles of Incorporation through the filing of a Certificate of Amendment. An amendment was filed with the State of Nevada Secretary of State on November 29, 2017 authorizing the stock split and the decrease in authorized shares. The reverse split shall allow for the rounding up of any fractional shares and shall allow for each shareholder to retain at least one share after the reverse and the Company will not require a mandatory exchange of certificates for the shareholders, but the shareholders may exchange their certificates at their own expense.
On December 12, 2017, we have notified Financial Regulatory Authority, Inc. (“FINRA”) of these proposed corporate actions, as required by Rule 10b-17 under the Exchange Act and the rules and hprocedures of FINRA.
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