Coinsguy, after further research you are absolutely correct. It is a reduction of shares vice via R/S.
Item 8.01 Other Events.
On September 18, 2017, the Board of Directors approved to amend the Corporation’s Amended and Restated Articles of Incorporation so as to reduce the Authorized Shares of the Company from 1,010,000,000 to 110,000,000, and to submit the Articles Amendment to the Corporation’s stockholders for approval at the next Annual Shareholders Meeting or Special Meeting, whichever is to occur first.
Upon stockholder approval, the Chief Executive Officer will determine an effective date, which must be within 12 months of the meeting date, at such time the number of authorized common shares will be 100,000,000 and the authorized preferred shares will be 10,000,000.
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