DC Brands International, Inc. (fka HRDN)

[ALERTS100%to10000%GAIN]

DCBR~~~DC Brands is currently authorized to issue 500,000,000 shares of its common stock of which 365,513,849 shares are currently issued and outstanding and 25,000,000 shares of preferred stock are authorized of which 100,000 are designated as Series A preferred stock and 91,111 shares of Series A preferred stock are outstanding and 2,500 are designated Series B preferred stock and 70 shares of Series B preferred stock are outstanding. There are no other shares of preferred stock outstanding. The outstanding shares of Series A preferred stock are entitled to vote 51.25% of the outstanding common stock.


Each share of Series B preferred stock is nonvoting but is convertible into .075% of the outstanding common shares at the time of conversion. Currently, a stockholder holding 55.17% of the voting rights has consented in writing to the proposal. A reverse stock split on a 1 for 10 basis would reduce the number of issued and outstanding shares of common stock to approximately 36,551,385, but will not reduce the number of preferred shares outstanding or authorized shares of common stock. Although the number of shares into which the Series B preferred stock is convertible will be reduced, the percentage of the outstanding common shares into which the Series B preferred stock will be convertible will not change. The Stock Split will not have any effect on the stated par value of the common stock.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8014485

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