RMOO...Patsy, what is your take on this 10-1 forward split play? Do you own any shares it? Do you plan on getting in? I would like to see this one run like ESYG did but everyone of these plays is different.
I'm wondering if it is the element of surprise that gets these splits moving faster. What I mean is, we knew that WTPE was probably going to split for around 4 weeks before it did. And the same is here with RMOO. So does this take anything away from its post split potential? Or does it just take a little longer for the post split run because so many people have gotten in and are willing to sell their shares once the bid has dropped so that they don't lose their money?
This Information Statement is first being furnished on or about December 1, 2000, to holders of record of the common stock, $.0001 par value per share ("Common Stock"), of Raven Moon International, Inc., a Florida corporation (the "Company"), in connection with amendments ("Amendments") to the Company's Articles of Incorporation, (the "Articles of Incorporation"), to (i) increase the number of authorized shares of Common Stock of the Company to 200,000,000 shares and effect a ten-for-one forward split ("Common Forward Split") of the issued and outstanding shares of Common Stock, and (ii) increase the number of authorized shares of preferred stock, $.0001 per share ("Preferred Stock") to 200,000,000 shares and effect a ten-for-one forward split of the outstanding Preferred Stock ("Preferred Forward Split"). A complete summary of each of these matters is set forth herein.
With respect to the Amendments, the Board of Directors of the Company (the "Board") has approved, and the shareholders owning a majority of the issued and outstanding shares of Common Stock outstanding as of November 27, 2000, have consented in writing to the Amendments. Such approval and consent are sufficient under Section 607.0704 of the Florida Business Corporation Act and the Company's Bylaws to approve the Amendments. Accordingly, the Amendments will not be submitted to the other Company stockholders for a vote, and this Information Statement is being furnished to stockholders solely to provide them with certain information concerning the Amendments in accordance with the requirements of Florida law and the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, including particularly Regulation 14C.
The Amendments will be effective on January 1, 2001.
