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Sunday, February 24, 2008 10:55:26 PM
ACTIONS TO BE TAKEN
This Information Statement contains a brief summary of the material aspects of the actions approved by the Board and the holders of the majority of the outstanding voting capital stock of the Company.
DECREASE THE NUMBER OF ISSUED AND OUTSTANDING SHARES OF OUR COMMON STOCK
GENERAL
The Board approved a resolution to effect a one-for-ten reverse stock split. Under this reverse stock split each 10 shares of our Common Stock will be converted automatically into one share of Common Stock. To avoid the issuance of fractional shares of Common Stock, the Company will issue an additional share to all holders of fractional shares. The Company anticipates that the effective date of the reverse stock split will be February 28, 2008.
If this happens according to schedule, we should be only days away from the change.
NorthLion
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
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