On December 14, 2012, we filed a preliminary information statement on SEC Schedule 14C in connection with a written consent obtained as of December 13, 2012 from certain of our principal stockholders holding 48,099,043 shares of our outstanding common stock, representing a 55% majority thereof, authorizing a resolution as to the adoption of an amendment to our Articles of Incorporation increasing the number of our authorized shares of common stock from 120,000,000 to 800,000,000. As stated in the referenced 14C preliminary information statement filing, the 680,000,000 additional shares of common stock included in the authorized increase are viewed by us to be potentially required in order to pursue possible future acquisitions or other business combinations, and/or possible future equity, convertible debt, or equity-linked financings. This filing was initiated in relation to our interest in taking the authorized corporate action in the immediate term, prior to any separate, specific corporate actions involving any such possible future acquisitions or other business combinations and/or possible financings in relation to which such shares would be required pursuant to existing (contingent) commitments. Since December 14, 2013, however, our board of directors has determined to delay, indefinitely, the effecting of the authorized share increase until such time, if at all, as the specifics surrounding the need for any such shares are known to us. For this reason, we have determined that no further action will be taken by us in respect of this14C information statement
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My posts are of my opinion and the stocks i own have not made me rich. not yet
