InventaBioTech Inc. (fka INVB)

[chemist72]

How will the RS be made effective?

This is detailed in the Schedule 14C recently filed as follows:

If the Board chooses to effect the Reverse Stock Split, it would be implemented by filing Articles of Amendment to the Articles of Incorporation with the Secretary of State of the State of Colorado. The Reverse Stock Split will become effective at the time specified in the Certificate of Amendment, which will most likely be immediately after the filing of the Certificate of Amendment and which the Company refers to as the “effective time.”

This is also explained in Annex A to this filing as follows:

Section 3: Reverse Stock Split. Effective at 12:01 a.m. on [ ], 2018 (the “Effective Time”), every [ ] shares of common stock issued and outstanding immediately prior to the Effective Time (“Old Common Stock”) shall automatically be combined, without any action on the part of the holder thereof, into one (1) validly issued, fully paid and non-assessable share of common stock (“New Common Stock”), subject to the treatment of fractional share interests as described below (the “Reverse Stock Split”).

https://www.sec.gov/Archives/edgar/data/1421603/000107997418000638/wmcodef14c_12032018.htm

The only caveat appears to be the statement, If the Board chooses to effect the Reverse Stock Split.

I am checking the Colorado SOS website every few days to see if this RS amendment gets filed. I believe it will eventually happen. Otherwise why go through the bother of putting in all those details into the 14C? -jmho