China Shandong Industries Ind fka CPGY

[dickmilde]

Anyone understand this???

On December 22, 2010, pursuant to Section 242 of the General Corporation Law of the State of Delaware, the holder of a majority of the shares of common stock of China Shandong Industries, Inc. (the “Company”) approved a reverse split of such shares with a ratio of 1-for-1.5, which will become effective on January 18, 2011 (the “Reverse Split”), and the filing of the Certificate of Amendment to the Certificate of Incorporation (the “Amendment”).

On December 23, 2010, the Company filed the Amendment with the Secretary of State of the State of Delaware. Before the Reverse Split becomes effective on the OTC Bulletin Board (the “OTC BB”) on January 18, 2011, it must be approved by the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Company has commenced the process of obtaining FINRA approval. Upon the approval of the Reverse Split by FINRA, each one and half (1.5) shares of common stock outstanding prior to the Reverse Split will be converted into one (1) share of common stock, and all options, warrants, and any other similar instruments convertible into, or exchangeable or exercisable for, shares of common stock will be proportionally adjusted. To the extent any fractional shares of common stock result from the Reverse Split, the Company will round up any fraction of a share to the nearest whole share.

Now a forward 5:1 split?

On March 24, 2011, the holder of a majority of the shares of common stock of China Shandong Industries, Inc. (the “Company”) approved a forward split of such shares by a ratio of 5 for 1 (the “Forward Split”). The Company filed the certificate of amendment to its certificate of incorporation effectuating the Forward Split on March 25, 2011. The Forward Split will become effective on or about April 12, 2011.

Before the Forward Split becomes effective on the OTC Bulletin Board (the “OTC BB”), it must be approved by the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Company has commenced the process of obtaining FINRA approval. Upon the approval of the Forward Split by FINRA, each one (1) share of common stock issued and outstanding prior to the Forward Split will be converted into five (5) shares of common stock, and all options, warrants, and any other similar instruments convertible into, or exchangeable or exercisable for, shares of common stock will be proportionally adjusted.

http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001417192&type=&dateb=&owner=include&count=40

This puts it back under $1.00... I suppose they gave up on the uplisting?