Did they really have to increase the A/S by this much, this soon?
Dear Stockholder:
The enclosed Information Statement is being furnished to all holders of record of shares of our common stock, par value $0.001, on August 2, 2010. The purpose of the Information Statement is to notify our stockholders of record that a resolution of our board of directors amending and restating our articles of incorporation has been approved by stockholders holding a majority of the voting power. The principal changes to the amended and restated articles of incorporation include:
· increasing the authorized number of shares of common stock from 100,000,000 to 500,000,000;
· authorizing the issuance of up to 50,000,000 shares of preferred stock and vesting authority in the board of directors to designate the voting powers, designation, preferences, limitations, restrictions, and relative rights of each class of shares, and to create one or more series of shares within a class of shares; and
· limiting the liability of our directors and officers to the fullest extent permitted by law, and providing that we will indemnify our officers and directors, and may indemnify others, to the fullest extent permitted by law.
"Give 'em the old Razzle Dazzle.....razzle dazzle 'em"
