Monday, October 04, 2021 2:22:15 PM
On September 30, 2021, Andrew Van Noy, the holder of the majority of the voting power of the shareholders of the Company, and the Company’s chief executive officer, approved by written consent an action to authorize the Company’s board of directors to amend the Company’s articles of incorporation, to effect a reverse stock split of the Company’s common stock by a ratio of not less than 1-for-100 and not more than 1-for-1,000 at any time prior to the one year anniversary of filing the definitive information statement with respect to the reverse split, with the board of directors having the discretion as to whether or not the reverse split is to be effected, and with the exact ratio of any reverse split to be set at a whole number within the above range as determined by the board in its discretion.
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