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Tuesday, February 19, 2019 5:56:30 PM
From the latest filing:
On February 8, 2019, stockholders holding more than 51% of the voting power of the Company (the stockholders, the “Consenting Stockholders”) consented in writing to amend the Company’s Articles of Incorporation, as amended (the “2019 Amendment”). This consent was sufficient to approve the 2019 Amendment under Nevada law. The attached Information Statement describes the 2019 Amendment that the stockholders of the Company have approved, which will do the following: (1) authorize an increase in the authorized shares of the Company’s common stock to 1,000,000,000 shares, par value $.00001, (2) authorize the Board to take all steps necessary to effect, at any time prior to the one-year anniversary of the date of the written consent, a reverse stock split of all outstanding shares of our common stock at an exchange ratio of up to one-for-sixty (1:60) shares (“Reverse Stock Split”) and (3) change the name of the Company from Spectrum Global Solutions, Inc. to WaveTech Global, Inc.
They did it again! LOL
Shareholders are about to get wiped out for the third time.
What a disaster.
Look out below folks.
GLTA & JMO
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