Wednesday, November 12, 2008 2:54:17 PM
LAS VEGAS, Aug 29, 2008 (BUSINESS WIRE) -- Renovo Holdings (Pink Sheets: RNVO) announced today that the company will reduce the common stock authorized to 2 billion shares.
The company is preparing the necessary paperwork to reduce the common stock authorized from 4.9 billion shares down to 2 billion shares. The paperwork is being processed for submission and filing to the state's offices.
The company would also like to reiterate the recent announcement that the company has neither plans nor desire for a reverse stock split.
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