We stated yesterday that a Reverse Split (R/S) has not been discussed at all with this merger.
I want to reiterate that with our current share structure CigaWatt has plenty of room for growth without needing to adjust it in any way in the near term.
They have a very solid plan in place for the future that will allow them to consider many options besides a simple reverse.
Please keep in mind that there will be a change in management as the current CEO will be turning over voting control to the new CEO/ management team..
We will be keeping everyone updated on progress via social media while we issue out payments to various liabilities (Portland for example) and will follow up with filings in a few days.
Again, things are moving quickly and we'd like to thank our loyal shareholders as we realize this has taken far longer a process than we initially anticipated.
CLEARLY Squires is just as crooked, unethical, and immoral as Con-Way.
----------------------------------------------------------------- Lying to all no that no RS was planned, while the RS document was already drawn up for a 25,000 TO ONE RS!!!!!
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