AIAdvertising Inc (AIAD)

[WiseTrader]

What action was taken by written consent?



We obtained stockholder consent for an amendment to our 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-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.



What vote was obtained to approve the amendment to the actions described in this information statement?



On September 30, 2021, we obtained the approval of Andrew Van Noy, our chief executive officer and chairman, to approve the amendment to our articles of incorporation. Mr. Van Noy is the holder of our 1,000 outstanding shares of Series H Preferred Stock, which provides him with 51% of the voting power of the Company’s stockholders.


http://archive.fast-edgar.com/20211020/AP29362CLZ225ZA222JH2ZY2MPTRZ222Y232/