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Re: seventeen post# 36274

Tuesday, 01/03/2012 7:22:30 PM

Tuesday, January 03, 2012 7:22:30 PM

Post# of 38585
Two opposing statements from the 14C in case anyone is interested in objecting to FINRA; or at least requesting a clarification.

Background
The Company currently has ten billion (10,000,000,000) shares of Common Stock of which 9,687,928,710 shares of Common Stock were outstanding as of the Record Date. The Board of Directors believes that the price of the Common Stock is too low to attract investors to buy the stock. In order to proportionally raise the per share price of the Common Stock by reducing the number of shares of the Common Stock outstanding, the Board of Directors believes that it is in the best interests of the Company’s stockholders to implement the Reverse Split. In addition, the Board of Directors believes that the Company’s stockholders will benefit from relatively lower trading costs for a higher priced stock. The combination of lower transaction costs may ultimately improve the trading liquidity of the Common Stock. The Board of Directors is not implementing the Reverse Split in anticipation of any future transaction or series of transactions, including any “going private” transaction.

Material Effects of the Reverse Stock Split ...In addition, the Reverse Split will increase the number of stockholders who own odd lots (less than 100 shares). Stockholders who hold odd lots may experience an increase in the cost of selling their shares and may have greater difficulty in effecting sales.


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