Green Cures and Botanical Distribution Inc (GRCU)

[nerachal]

Nah this is the most important one.....yours is simply Round 2 !!!
The Corporation’s Board of Directors and Controlling shareholders have agreed on this 30th day of April 2010 that the Company will buyback 99 percent of the issued and outstanding shares of the Company effective June 1, 2010 under the following terms and conditions:
The Company shall buyback 99 percent of the issued and outstanding shares of the Company by the Company in exchange for a convertible debenture paying each shareholder $ 0.01 per share in face value convertible debentures, and having a maturity date of 5 years without interest and convertible after 1 year into common shares at the rate of $ 1 per share.

The Company to reduce the number of shares issued and outstanding to avoid a reverse split since reverse splits generally are damaging to shareholders’ value, and it is difficult for shares to be bought and sold in sub penny stocks. This Buyback is a mandatory corporate action requiring that all outstanding shares be exchanged, wherein, for each 101 shares held, those shares will be surrendered to the company’s transfer agent in exchange for 1 new common share and a note for $1. There will be no fractional shares, so that every shareholder will be rounded up to a minimum of a note of $1 and 1 whole share and any fractional shares will be rounded up to 1 whole share.