SOUM,
I just got the packet yesterday, so in about 3 weeks.
Dear SoOum Corp. Shareholders:
NOTICE IS HEREBY GIVEN that we have received written consents in lieu of a meeting from stockholders representing a majority of our outstanding shares of voting stock, approving the following action:
1.) Approval of a 1000 for 1 reverse stock split and recapitalization.
As of the close of business on March 16, 2018, the record date for shares entitled to notice of and to sign written consents in connection with the recapitalization, there were 4,105,108,324 shares of our common stock outstanding. Prior to the mailing of this Information Statement, certain shareholders who represent a majority of our outstanding voting shares, signed written consents approving the action listed above on the terms described herein (the “Actions”). As a result, the Actions have been approved and neither a meeting of our stockholders nor additional written consents are necessary. We are not asking you for a Proxy and you are requested not to send us a Proxy . The Actions will be effective 21 days from the mailing of this Information Statement, which is expected to take place on April 16, 2018, and such Actions will result in the following:
1.) The Articles of Incorporation will be amended to create a one for 1000 reverse split of the Common Stock. The common and preferred shares will have a par value of $.0001 per share. The preferred shares are blank check preferred and they may be issued with the preferences determined by the board of directors.
2.) Each one thousand shares of common stock outstanding will be converted into one share of common stock of the Company.
I lost 99% of my investment on the last one WestCook did.
GL
