Yes the A/S will remain the same. The filing ONLY authorizes reduction of the O/S allowing them (Toby) to dilute back up to 5 Billion!!!!!!
As of 10/31/15 the diluted to 4.3 Billion!!!' This is all since the R/S done in feb.!!!! At that time only 250 million shares o/s. Sooooo diluted 250 million to 4.3 Billion in about 9 months!!!!
1. To authorize the board of directors of the Company to amend its Certificate of Incorporation to effectuate a one-for-one hundred (1:100) reverse stock split (“Reverse Split”) of the Company’s issued and outstanding shares of common stock, par value $0.00001 per share (“Common Stock”).
Now playing the exact same game!!!!!! Take from the investors to pay the CD holders!!! (And live high on the hog)
TWO seperate issues. This was about the "majority's" authorization to do the R/S. The company would have to change their SS with the state (Nev.) before THAT would happen. DON'T HOLD YOUR BREATH, IMO. Also, they will need to compensate for the R/S. (Toxics) Bottom Line, If they don't specify it in this 14, in ain't happening.