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Sunday, April 04, 2010 6:29:02 AM
Dear Shareholders:
We are writing to advise you that we intend to amend our Articles of Incorporation to increase capital stock of the Company.
This action was approved on February 25, 2010 by our Board of Directors and other shareholders who hold a majority of our issued and outstanding voting securities have approved this action, with an effective date as soon as possible but not less than 20 days from the date this information statement is first mailed to our shareholders. Our majority shareholders approved this action by written consent in lieu of a special meeting in accordance with the relevant section of the Nevada Business Corporations Act.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED
NOT TO SEND US A PROXY.
http://ih.advfn.com/p.php?pid=nmona&cb=1270376050&article=42245276&symbol=NB^PTSH
COMMON STOCK
As of the Record Date, there were Two Billion Eight Hundred Million (2,800,000,000) shares of Common Stock authorized with a stated value of $.00001 per share, of which approximately 2,097,808,278 are issued and outstanding, with 702,191,722 shares authorized but not issued. Immediately following the approval of the increase in the number of authorized shares of Common Stock, as described previously, there will be Four Billion Eight Hundred Million (4,800,000,000) shares of Common Stock authorized, of which approximately 2,097,808,278 will be issued and outstanding and approximately 2,702,191,722 will be authorized but unissued. Each holder of the Company’s Common Stock is entitled to one vote for each share held of record on all matters submitted to the vote of stockholders, including the election of directors. All voting is non-cumulative, which means that the holder of fifty percent (50%) plus one share of the shares voting for the election of the directors can elect all the directors. The holders of Common Stock are entitled to receive pro rata dividends, when and as declared by the Board of Directors in its discretion, out of funds legally available therefore, but only if all dividends on the Preferred Stock have been paid in accordance with the terms of such Preferred Stock and there exists no deficiency in any sinking fund for the Preferred Stock.
Seems like Pintar is going to dilute approximately 700 Million shares very soon and also releasing some divident to special shareholders only... Who knows , who cares? So Big players are gambling their old game... Sweet Jesus...
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