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Saturday, May 25, 2013 5:40:04 PM
shares of common stock and commence a 10,000 – 1 reverse split of the currently outstanding shares, in order to help raise investment capital through equity financing.
The Company feels that the split will help with initial raising the stock price and increasing investor perception and awareness, thus creating immediate value for the Company in 2013.
Although the Board of Directors and Shareholders have approved of the recapitalization and reverse stock split as of February 2013, the Company has yet to obtain all necessary approvals by 3-31-2013.
This transaction will likely enable the Company to improve its chances at obtaining funding by speaking directly with angel investors, accredited funding sources, and various venture capital
firms who are now willing to discuss potential funding transactions with the issuer.
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