Quanta Inc (fka QNTA)

[JediMozart]

Important $$ R/S was canceled!!
Medolife Rx cancels optional reverse split previously included in filing.

Medolife, which is a majority owned subsidiary of Quanta, cancelled an optional reverse split of shares that was included in a recent 14C filing. After consultation with legal counsel, the Board of Directors and management have concluded that it is in the best interest of the company and its shareholders to cancel the option to do reverse split of shares which was included in the 14C filed on 6/21/21. An 8K will be filed later today confirming this cancellation. "We take the responsibility we have to our shareholders very seriously and believe this to be the best course of action for our company," said Medolife CEO Dr. Arthur Mikaelian. "We held a very informative webcast on Tuesday 7/27 where we covered many of the exciting things that are happening with our company, and we highly encourage our followers to take a moment to watch it. We are in the process of building a global biotechnology company and our future could not be brighter. Thank you to the investment community for its continued support and we look forward to sharing further updates with you all soon."

https://www.thefreelibrary.com/Medolife+Rx+cancels+optional+reverse+split+previously+included+in...-a0669980921