Friday, December 29, 2017 11:28:15 AM
Grey Cloak Tech Clarifies Reverse Split
LAS VEGAS, NV--(Marketwired - Oct 26, 2017) - Grey Cloak Tech Inc. (OTCQB: GRCK) announced today that its Board of Directors has decided to abandon and cancel the reverse stock split that was approved by the Board of Directors and the Company's shareholders in February 2017.
On February 23, 2017, the Company held a special shareholder meeting to vote on whether to amend our Articles of Incorporation to effect a reverse stock split of our common stock at a ratio of up to 1-for-100, among other proposals. The reverse split was approved as set forth in our proxy statement dated February 1, 2017, giving our Board of Directors complete discretion to set the ratio and timing of the reverse stock split at a future date but no later than December 31, 2017.
Today, pursuant to the discretion granted by the shareholders, the Board of Directors announced its decision to abandon and cancel the reverse split. The Board of Directors believes that given the recent acquisition and changes in the market since the date of the special meeting, it is in the best interest of the Company's shareholders to take this action.
GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ GRCK
MY POST IS JUST MY OPINION!!!!
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