They have been REDUCING REDUCING REDUCING the A/S and O/S for over 1.5 years to get the share structure in line.
Investors need to pay attention:
Authorized Common Stock
As of June 30, 2016, Emaji had an authorized common stock capital of 10,800,000,000 shares with a par value of $.00001. Authorized preferred stands at 200,000,000 shares with a par value of $.0001. These numbers remain unchanged as of the date of this filing and the Company has no current plans for any increase thereof.
Issued and Outstanding Common Stock As of June 30, 2016, Emaji had a total of 6,619,870,081 Common Shares outstanding, which remains significantly below the 7,666,180,087 Common Shares outstanding as of December 31, 2014. The Company was able to achieve this without reverse split of its Common Stock while reducing liabilities by $4,837,442 from $4,965,275 on December 31, 2014 to $127,833 on June 30, 2016. On December 18, 2015, the Company filed a Form D with the Securities and Exchange Commission to file notice of its intent to sell up to $400,000 in Common Shares pursuant to an exemption from registration of the offering under Regulation D. On March 31, 2016, the Company issued 312,500,000 Commonany type of promotion on its behalf. Furthermore, the Company has no plans to reverse its Common Stock Shares for a cash investment of $62,500 and on June 28, 2016, the Company issued 255,000,000 Common Shares for a cash investment of $51,000 to the same investor, Anthony J. Scotti. No other Common Shares were issued during the first two quarters of 2016. The Company has not entered into any agreement to promote its stock nor has it authorized any third party to conduct any type of promotion on its behalf. Furthermore, the Company has no plans to reverse its Common Stock
Hmmmm....doesn't sound like they have any "immediate" plans to perform any type of Reverse Split.
I just read the latest corporate filing.
I strongly suggest everyone read it and see the facts for yourselves.
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