IDO Security, Inc. (fka IDOI)

[MagShoe]

the Board of Directors has unanimously adopted a resolution to authorize a reverse stock split, reducing the authorized shares, the number of issued and outstanding shares of the Company’s common stock and preferred stock.



http://www.businesswire.com/news/home/20110805005903/en/IDO-Announces-Board-Approval-Reverse-Stock-Split


Following Board’s decision on the ratio of the reverse stock split, implementation and the effectiveness of the reverse stock split, all issued and outstanding shares of the Company’s common stock, as well as common stock underlying stock options, warrants, preferred stock and as well as the authorized shares will be appropriately adjusted.