Tuesday, February 20, 2018 4:22:00 PM
January 09, 2015 | About: HKUP +0%
CAMPBELL, CA--(Marketwired - Jan 9, 2015) - iHookup Social, Inc. (OTC PINK: HKUP), a fully reporting public company that develops a mobile/social app enabling singles, groups and the socially active to connect quickly, offering local, real life 'hook-up' opportunities, is pleased to announce that it will petition for relisting on OTC Market's OTCQB exchange following a 100-for-1 reverse stock split.
"After evaluating all available options, management has determined that the most effective course of action for the Company is a 100-1 reverse stock split that we hope will allow for a swift return to OTCMarkets' OTCQB exchange," stated Robert Rositano, Jr. CEO, iHookup Social. "We believe that our departure from the OTCQB has had a demonstrably adverse effect on our company and that it is essential that we return to a senior exchange where we believe our fully reporting status and corporate achievements are more widely viewed and appreciated."
Pending the review of the Securities Exchange Commission, shareholders of record at the end of trading approximately 30 to 60 days from today will be affected by the 100-1 reverse stock split. When the market opens on or about this date every one-hundred (100) shares of issued and outstanding common stock will be converted into one (1) share of common stock. All fractional shares created by the reverse stock split will be rounded to the nearest whole share.
Ihookup was then changed to Friendable of which this may soon happen to Friendable to pump Fan Pass. Hope for the best, but be ready for the worst!
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