Form 14 already.... R/S announced
NOTICE IS HEREBY GIVEN that the following actions has been approved pursuant to the written consent (the “Written Consent”) of the holders of a majority of the voting power of the outstanding capital stock of the Company dated December 27, 2019, in lieu of a special meeting of the stockholders.
An amendment to the Articles of Incorporation to effect a reverse stock split of our common stock by a ratio of not less than 1-for-100 and not more than 1-for-20,000 (the “Reverse Stock Split”) at any time prior to the one year anniversary of filing the definitive Information Statement on Schedule 14C with respect to the Reverse Stock Split, with the Board of Directors (the “Board”) having the discretion as to whether or not the Reverse Stock Split is to be effected, and with the exact ratio of any Reverse Stock Split to be set at a whole number within the above range and as of a date as determined by the Board in its discretion.
