UDTT YUK I will never play or look at this company again. Raising their A/S to 20b! What a joke......
On September 25, 2007, Universal Detection Technology (the "Company") filed a Certificate of Amendment to its Articles of Incorporation (the "Amendment") with the Secretary of State of the State of California increasing its number of authorized shares of common stock from 480,000,000 to 20,000,000,000 after the Company's shareholders approved the action at a meeting of shareholders held on September 24, 2007. The shareholders also gave the Board of Directors of the Company authorization, in its discretion, to effect a 200:1 reverse stock split prior to the next annual meeting of shareholders.
A copy of the filed Amendment is attached as Exhibit 3.4 to this report.
