Saturday, October 27, 2012 3:24:06 AM
"The Board believes that the amendment of Article III of the Company’s Articles of Incorporation is advisable in that the Company otherwise would have only 3,846,153 shares of authorized Common Stock AFTER the Reverse Stock Split, which would be significantly LESS THAN the Board believes will be NECESSARY for the Company to engage in FUTURE capital stock transactions."
Now here is the amendment that will also take effect with the R/S...
"An amendment to Article III of the Company’s Articles of Incorporation, to be implemented AFTER the effectiveness of the Reverse Stock Split (as defined below) to INCREASE our authorized Common Stock from 3,846,153 shares to 100 million shares. Such amendment amends and restates Article III in its entirety"
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