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Alias Born | 07/22/2009 |
Tuesday, February 08, 2022 2:48:41 PM
As a result of conversions of shares of the Company’s preferred stock, the Company currently has 44,272,000,000 shares of common stock issued and outstanding. The Company is currently authorized to issue 50,000,000,000 shares of common stock. As also described in the Company’s Information Statement, the Board of Directors and the stockholders of the Company have approved a proposal to amend the Company’s Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock from 50,000,000,000 to 250,000,000,000. Until the effectiveness of a reverse split and/or an increase in the authorized shares, the Company is limited in its ability to issue additional shares of common stock.
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