Artificial Intelligence Tech Solutions Inc (AITX)

[JustJack]

Just to re-cap what the Scammy penny stock CEO said in a press release and then did.

"the proposed authorized share increase was no longer necessary" AND Canceling the increase reflects our ongoing efforts to responsibly manage the Company's capital structure while we remain focused on executing our operational plan."

TOTAL AND UTTER BS while DILUTING this into the ground..

Steve Reinharz, CEO/CTO and founder of AITX, commented, "With the reverse split now completed, we determined that the proposed authorized share increase was no longer necessary. Canceling the increase reflects our ongoing efforts to responsibly manage the Company's capital structure while we remain focused on executing our operational plan."

YET IF HE DID NOT REVERSE SPLIT he would have had to increase the Authorized Shares from 27.4 Billion shares to 36 BILLION SHARES 🤣

Steve will never up-list as long as he can get away with lies like this in the OTC.