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Friday, August 10, 2018 5:56:14 PM
There have been no stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either that occurred within the past 12 months. The Company is currently considering options for the reorganization of the Company, specifically a “Type D” divisional reorganizationor “split-off”. In the Annual Shareholders’ meeting held onJune 26, 2018, the shareholders authorized the board to 1) transfer assets, liabilities, etc. to a new private entity in which current shareholders acquire pro-rata number of shares in the new entity, and 2) enter into a share exchange/
purchase and merger agreement for 100% of the outstanding shares of the current public company.Authorization was
approved by 71.7% of the votes represented by total issued and outstanding share (2/3’s vote required).
https://backend.otcmarkets.com/otcapi/company/financial-report/199363/content
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