On June 10, 2014 the Board of Directors approved decreasing the authorized capital of the Company from Fifty Billion (50,000,000,000) Shares to Fifty Million (50,000,000) shares (a 1,000 to 1 reverse stock split). Common and Preferred shares are to be reduced accordingly. The effective date of the reverse split is July 1, 2014. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103350946&txt2find=reac