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Re: rakes post# 50226

Friday, 01/12/2018 3:55:49 AM

Friday, January 12, 2018 3:55:49 AM

Post# of 61601
This was/is my main concern. No reduction in authorized shares meaning Munro could resume his distribution post split up to a billion shares again.

"The Reverse Split shall not affect the number of authorized shares of Common Stock or Preferred Stock of the Corporation or the par value per share of the Common Stock or Preferred Stock, such that immediately after the Reverse Split the total number of shares of all classes of capital stock that the Corporation is authorized to issue will be 1,050,000,000, of which 1,000,000,000 shall be Common Stock having a par value per share of $0.0001 and of which 50,000,000 shall be Preferred Stock having a par value per share of $0.0001."