InvestorsHub Logo
Followers 0
Posts 15717
Boards Moderated 0
Alias Born 09/21/2006

Re: wewood post# 467

Monday, 09/24/2012 9:22:03 AM

Monday, September 24, 2012 9:22:03 AM

Post# of 4047
Item 8.01 Other Events.
The Company's board approved a plan to implement a 20:1 reverse split of the Company's common stock. As permitted under Nevada law (NRS 78.207), the Board resolves to change the number of shares of the Company's authorized common stock by decreasing the number of authorized shares of common stock and correspondingly decreasing the number of issued and outstanding shares of the common stock held by each stockholder of record at the effective date and time of the change, by a resolution adopted by the board of directors, without obtaining the approval of the stockholders. The effective date of the change (20:1 reverse split) shall be as soon as practical following October 4, 2012 and after proper notice and coordination with FINRA.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.