Re: "What's going on with FNIX?"
Here you are. Read the more detailed 8-k SEC release.
Note: At this point one only can expect some dead monkey jump, which I believe will happen soon. At this price, IMO, this is a good play for a fast in and out.
Mike
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Form 8-K for FONIX CORP
11-Jul-2006
Other Events, Financial Statements and Exhibits
Item 8.01 Other Events
Amendment of Certificate of Incorporation
On July 3, 2006, Fonix Corporation (the "Company") amended its Certificate of Incorporation by filing with the Delaware Secretary of State's office a Certificate of Amendment to Certificate of Incorporation (the "Certificate of Amendment").
The purpose of the amendment was to increase the authorized capital of the Company, specifically the number of shares of Class A common stock that the Company is authorized to issue. Following the filing of the Certificate of Amendment, the Company is authorized to issue up to 5,000,000,000 shares of its Class A common stock.
The Company's shareholders approved the amendment to the Company's Certificate of Incorporation at the 2006 meeting of the Company's shareholders, held on June 23, 2006.