Replies to post #43270 on Hybrid Coating Technologies Inc (fka HCTI)

[dholmes791]

do I need to define "corporate action" for you again.

(the “Corporate Action”):
1. The Rollback;
2. The Common Stock Authorized Share Capital Change;
3. The Series A Preferred Stock Authorized Share Capital Change;
4. The Series B Preferred Stock Authorized Share Capital Change.

The Corporate Action described above automatically will be effective, and may be implemented by the Company, 20 days after the date that this Information Statement is mailed to the stockholders of the Company.

Under Rule 14c-2 promulgated under the Securities Exchange Act of 1934, as amended (the "Act"), the Corporate Action cannot take effect until 20 days after this Information Statement is sent to the Company's stockholders. As mentioned earlier, the Company expects to effect the Common Stock Authorized Share Capital Increase and the Series B Preferred Stock Authorized Share Capital Increase by filing a Certificate of Amendment with the Nevada Secretary of State approximately twenty (20) days after the Mailing Date, which is anticipated to be on or about April 21, 2016.

20 days after the mailing date...the mailing date is on or about 4/21/16.

[amisa]

Stop spreading false information. You need to go back and read the Pre 14C again.
Holmes is correct.

The Board of directors met and approved the "corporate action" on March 2nd,
It was approved in writing by majority vote on March 22nd, by those holding majority votes as of March 21st, also known as the (RECORD DATE).


This action will become effective 20 days after the mailing to stockholders, as per this paragraph in the PRE 14 C.

"The adoption of the foregoing Corporate Action will become effective 20 calendar days after the mailing of this Information Statement. The Board of Directors is not soliciting your proxy in connection with the adoption of this Corporate Action and proxies are not being requested from stockholders."

*********

Furthermore, From the PRE 14C, it clearly states that they plan to EFFECT the Authorized Capital Share Increase on or about April 21St, (20 days after the Mailing to shareholders) which means they plan to send out the mailings on April 1st. It cannot be done before that. See paragraph below.

"Under Rule 14c-2 promulgated under the Securities Exchange Act of 1934, as amended (the "Act"), the Corporate Action cannot take effect until 20 days after this Information Statement is sent to the Company's stockholders. As mentioned earlier, the Company expects to effect the Common Stock Authorized Share Capital Increase and the Series B Preferred Stock Authorized Share Capital Increase by filing a Certificate of Amendment with the Nevada Secretary of State approximately twenty (20) days after the Mailing Date, which is anticipated to be on or about April 21, 2016."

They have not decided how many of the authorized shares will be available for issue. They may surprise us by limiting the number to be issued.