Thursday, December 05, 2013 2:06:31 AM
3BILLION to 20BILLION? ROTF
Section 5—Corporate Governance and Management
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On December 3, 2013, the majority shareholder (holding greater than 57% of the voting shares) voted to increase the authorized capital of the Company from 3,000,000,000 (three billion) to 20,000,000,000 (twenty billion) shares. No change was made to the number of preferred shares authorized. Accordingly, the total authorized capital of the Company is comprised of 19,900,000,000 (nineteen billion nine hundred million) shares of common stock, par value $0.00001 per share; 10,000,000 share of Preferred Stock, Series A, par value $0.0001 per share; and 90,000,000 shares of Preferred Stock, Series B, par value $0.001 per share.
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