The board of directors of Raven Moon has also agreed to extend the protection of anyone who exercised warrants for restricted stock until September 30, 2008. However anyone holding restricted shares that were purchased more than then 12 months ago may now remove the restrictive legend by contacting the transfer agent Florida Atlantic Stock Transfer, Inc. directly because of a new SEC rule that states as of February 15, 2008 the waiting period has been reduced to one year. However if the restrictive legend is removed the shares lose its protection from any future reverse splits.
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