Italian Food and Beverage Corp (IFBC)

[TEEROY]

I'd like some feedback on why managment would increase the authorized shares to almost 3 billion from 150 million. honestly we no nothing about this company.....hope this company isn't a dilution machine while mgmt cashes in. I do have a position....i'm not a basher....just asking for some thoughts!!!


Item 5.03 - Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On July 10, 2009 at a Special Shareholder's Meeting the majority of the voting shareholder interests voted to change the Company's name from Medivisor, Inc. to Blast Applications, Inc. and to amend its Certificate of Incorporation with the State of Delaware, accordingly. The certificate of amendment filed by the Company, included a change in the Company's authorized shares of common stock from one hundred fifty million, of which one hundred million were classified as Common Stock and fifty million was classified as Preferred Stock. Pursuant to the certificate of amendment filed with the State of Delaware, the Company sought to change its authorized shares to reflect two billion nine hundred and fifty million shares of Common Stock authorized and fifty million shares of Preferred Stock authorized.