Replies to post #23555 on AccelPath Inc. (fka ACLP)

[Olahf84]

This is from the definitive 14c filed dec. 19th.



At the discretion of the Board of Directors, perform up to a one-for-five hundred (1:500) reverse stock split of the Company’s issued and outstanding shares of Common Stock, while maintaining the number of authorized shares of Common Stock and preferred stock at any proportion (which will likely differ from the reverse stock split ratio) the Board of Director’s deems appropriate in its discretion (the “ Reverse Stock Split ”); and

·
Change the name of the Company from “AccelPath, Inc.” to “Accel Brands, Inc.” (the “Name Change”).

On December 19, 2014, the Board of Directors of the Company (“Board”) approved the Reverse Stock Split and Name Change and recommended to the Majority Stockholder that they likewise approve the Actions. On December 19, 2014, the Majority Stockholder approved the Reverse Stock Split and Name Change by written consent in lieu of a meeting in accordance with the Delaware General Corporation Law (“DGCL”). Accordingly, your consent is not required and is not being solicited in connection with the approval of these actions.

We will mail this Information Statement to the Stockholders on or about January 23, 2015. The entire cost of furnishing this Information Statement will be borne by the Company.