Replies to post #292 on Utilicraft Aerospace Industries Inc (UITA)

[jokerwild477]

looks like it for the purpose of R/S of 1 for 2500

[makinezmoney]

Its majority Insider OWNERS... newer shareholders not


As adversely affected at much lower PPS here.

Must be something in the works if they want to do such a restructuring plan.

Anything is better than nothing at this point.

You don't drop $7k for a filing for nothing.

Clearly they wanna up and get it going again.

Unless of course there were $7k laying around and they just had a hole
burning in their pockets.


$UITA

[retireat40]

After careful consideration, our Board of Directors (the “Board”) believes that the costs associated with being a public reporting company in the U.S. are not justified by the benefits to the Company and its shareholders. The primary purpose of the Transaction is to reduce the number of record holders of the Company’s common and preferred stock, par value $0.0001 per share to fewer than 500, allowing the Company to terminate the registration of its Stock, par value $0.0001 per share, under 12(g) of the Exchange Act and to suspend its reporting obligations under Section 15 (d) of the Exchange Act.

[retireat40]

2,500:1 R/S and then going dark.

[shotsky]

That is not the filing fee - it is the amount that would have been distributed to fractional share holders after the split at $.04/share. Moot point, now.

Calculation of Filing Fee
Transaction Value*   Amount of Filing Fee**
$ 6,983.64   $0.70 * Calculated solely for the purpose of determining the filing fee. The calculation of the Transaction Value assumes the acquisition of approximately 174,591 shares of common stock for $0.04 per share in cash in lieu of the issuance of fractional shares expected to be created by the proposed reverse stock split and amounts paid to option holders for fractional shares. **