Unique Logistics Intl Inc (fka UNQL)

[vortmaximum]

Most R/S are not good for us schleps. There is no set date for the R/S that I see and there is no guarantee it will occur per filing. UNQL was brutal spring to Monday morning. Risk/reward is looking much better at this time. We shall see....

The Board may decide not to proceed with the Reverse Stock Split for various reasons including general stock market/business conditions.



The Reverse Stock Split will not affect the rights of Stockholders or any Stockholder’s proportionate equity interest in the Company, subject to the treatment of fractional shares. At this time the Company has no plans to issue such additional shares of its capital stock, other than (i) as required for existing and additional financings, and (ii) as compensation and incentives to employees and directors under the Company’s existing stock incentive plans and other arrangements that may be undertaken.



The future issuance of such authorized shares may have the effect of diluting the Company’s earnings per share and book value per share, as well as the stock ownership and voting rights of the current Stockholders. The effective increase in the number of authorized but unissued shares of the Common Stock may be construed as having an anti-takeover effect by permitting the issuance of shares to purchasers who might oppose a hostile takeover bid or oppose any efforts to amend or repeal certain provisions of the Company’s Articles of Incorporation or Bylaws.