You made me look. hrm... my calculations say 450$. need to buy by 9th?
UBDT (0.03) - MA shell RM/ Round up Play
UBRANDIT.COM
NOTICE OF STOCKHOLDER ACTION BY WRITTEN CONSENT
TO ALL STOCKHOLDERS OF UBRANDIT.COM
The purpose of this letter is to inform you that we intend to take the following actions by written consent of our stockholders:
1. To change our name from UBRANDIT.COM to China Green Material Technologies, Inc.;
2. To effect a reverse split of 1-for-150 of the outstanding shares of our common stock, par value $0.001 per share; and
3. To adopt the UBRANDIT.COM 2007 Stock Incentive Plan (the "2007 Plan").
On September 28 , 2007, our board of directors unanimously adopted, and shareholders holding a majority of the voting rights of our capital stock approved, a resolution to effect a reverse stock split at a ratio of 1-for-150, in which all of the issued and outstanding shares of our common stock, referred to as “old common stock,” will be combined and reconstituted as a smaller number of shares of common stock, referred to as “new common stock,” in a ratio of one (1) share of new common stock for one hundred and fifty (150) shares of old common stock. We will round up any fractional share of new common stock issuable in connection with the reverse stock split. Our articles of incorporation will retain our authorized shares of common stock at 100,000,000 shares, and there will be no change in the par value of the common stock. The reverse stock split is anticipated to be effective on the date and time specified in the Charter Amendment.
By approving the proposed amendment to our articles of incorporation, the stockholders have authorized the board of directors to implement the reverse stock split. Our board of directors may decide to forgo or to postpone implementation of the reverse stock split, if it determines that doing so is advisable.
No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive fractional shares because they hold a number of shares of our common stock that is not evenly divisible by one hundred fifty (150) will have the number of new shares to which they are entitled rounded to the nearest whole number of shares. No stockholders will receive cash in lieu of fractional shares. Any stockholder who owns 99 or fewer common shares as result of the reverse stock split will have the number of new shares to which they are entitled rounded up to 100 shares.
