Transportation and Logistics Systems Inc (TLSS)

[OMOLIVES]

? Always do for yourself:

PAGE 37!

The Company intends to seek shareholder approval to amend its Articles of Incorporation to increase the number of shares of common stock available for issuance and effect a reverse stock split to enable it to meet its obligations. The Company intends to file a preliminary proxy with the Securities and Exchange Commission in June 2020.

Also...

Upon completion of the amendment and resulting increase in the number of authorized shares, the Company will cause all committed shares to be issued or reserved for issuance, as applicable. After completing such issuances and reservations, the Company intends to assess its options for optimizing its capital structure so that it can pursue and secure the financing required to execute its plans to grow its business through organic means of geographic and service line expansion and through the acquisition of selected businesses or properties.

ref: https://www.sec.gov/Archives/edgar/data/1463208/000149315220010171/form10-k.htm


To hell with what ever "I say"...or "anyone else".....just do for yourself...and always read. Opinions are typically...if not always....bull.