The Board has determined that it is in the Company’s best interests to effect the Stock Split and has considered certain factors including, but not limited to, the following:
(i) current trading price of the Company’s shares of Common Stock on the OTC Pink tier of the OTC Markets Group, Inc. and potential to increase the marketability and liquidity of the Company’s Common Stock;
(ii) desire to meet future requirements of per-share price and net tangible assets and shareholders’ equity relating to admission for trading on other markets; and
(iii) to provide the management of the Company with additional flexibility to issue shares to facilitate future stock acquisitions and financing for the Company.
Dead deal.
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