Options Media Group Holdings, Inc. (OPMG)

[wholelotamoney]

Reverse Split?

On April 13, 2012, the Company designated Series I as a new series of preferred stock consisting of 100 shares, par value $0.001 per share. On April 13, 2012 the Certificate of Designation of the Series I was filed with the Nevada Secretary of State and the Company issued for a nominal consideration 50 shares of Series I to each of two of its officers and directors. For so long as Series I is issued and outstanding, the holders of Series I shall vote together as a single class with the holders of the Company’s Common Stock, and the holders of any other class or series of shares entitled to vote with the Common Stock, with the holders of Series I being entitled to sixty percent (60%) of the total votes on all such matters regardless of the actual number of shares of Series I then outstanding. Each outstanding share of Series I will automatically convert into one share of the Company’s Common Stock upon the effectiveness of a future reverse split of the Company’s Common Stock.
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