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Replies to post #12661 on Reverse Splits
08/26/2015 @ 10:01AM
SCHEDULE 14C
on or about August 24, 2015, a Stockholder holding a majority voting rights on matters submitted to the holders of our Common Stock (the “Majority Stockholder”) approved a reverse split at a ratio of one (1) for one thousand two hundred and fifty (1,250) shares, (1-for-1,250) of the Company’s common stock
On August 24, 2015, we submitted an Issuer Company-Related Action Notification Form to the Financial Industry Regulatory Authority (“FINRA”) notifying it of the Reverse Split. The Reverse Split will not become effective (the “Effective Date”) until after approval by FINRA and not prior to a date which is twenty (20) calendar days after this Information Statement is first provided to Stockholders. The Information Statement is being provided to Stockholders of record on the Record Date. The entire cost of furnishing this Information Statement will be borne by the Company. We will file a subsequent Current Report on Form 8-K upon receipt of FINRA’s approval of the Reverse Split, which will confirm the Effective Date.
