SECTION 3 – Securities And Trading Markets
ITEM 3.03 Material Modification of Rights of Security Holders
On November 1, 2011, our board of directors and majority shareholders approved a reverse split of 100 to one in which each shareholder will be issued one common shares in exchange for each one hundred common shares of their currently issued common stock. A record date of November 2, 2011 was established and FINRA was provided ten days notice prior to the effective date pursuant to Rule 10b-17 of the Securities and Exchange Act of 1934, as amended. Prior to approval of the reverse split we had a total of 1,040,201,672 issued and outstanding shares of common stock, par value $0.0001. On the effective date of the reverse split, we will have a total of 10,402,017 issued and outstanding shares of common stock, par value $0.0001. New stock certificates will be issued upon surrender of the shareholders’ old certificates.
