Friday, June 15, 2018 11:41:29 AM
NOTICE ITEM 2
APPROVAL OF THE COMPANY’S REVERSE STOCK SPLIT
The Board has determined that it is advisable and in the best interests of our Stockholders to have the ability to do a reverse split of its Common Stock in a ratio of between 1 for 10 to 1 for 100,000, such ratio to be determined by the Company’s Board of Directors in its sole discretion.
This authorization provides the Board of Directors with the ability to effectuate a reverse Stock split on behalf of our Stockholders in which there is a unanimous consent of the Board Members for such reverse Stock split. The ability to do a reverse split of its Common Stock in a ratio of between 1 for 10 to 1 for 100,000, such ratio to be determined by the Company’s Board of Directors in its sole discretion was approved by the Company’s Board on February 27, 2018. Those Stockholders holding at least a majority of voting power of the Company that are entitled to vote, have already approved the Company’s reverse split of its Common Stock in a ratio of between 1 for 10 to 1 for 100,000, such ratio to be determined by the Company’s Board of Directors on February 27, 2018.
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