They have been discussing a reverse split as far back as 2016. You can read the filings on otc. Here is some of what has been previously discussed.
Dear Shareholders:
We are writing to advise you that our Board of Directors and shareholders holding a majority of our outstanding voting capital stock have approved granting the discretionary authority to the Board of Directors to amend the Company's articles of incorporation to effect a reverse stock split (the “Reverse Split Proposal”) of the Company's issued and outstanding common stock (the “Common Stock”) between a range of not less than one-thousand for one (1,000:1) and not more than twenty-five thousand for one (25,000:1), or if at all.
These actions were approved by written consent on July 5, 2016 by our Board of Directors and a majority of holders of our voting capital stock, in accordance with Nevada Revised Statutes. Our directors and majority of the shareholders of our outstanding capital stock, as of the record date of July 5, 2016 have approved the Reverse Split Proposal after carefully considering it and concluding that approving the Reverse Split Proposal was in the best interests of our Company and our shareholders.
WE ARE NOT ASKING YOU FOR A PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
We encourage you to read the attached Information Statement carefully for further information regarding these actions. No action is required by you. Pursuant to Rule 14(c)-2 under the Securities Exchange Act of 1934, as amended, the proposals will not be adopted until a date at least twenty (20) days after the date of this Information Statement has been mailed to our shareholders. This Information Statement is first mailed to you on or about August 2, 2016.
For the Board of Directors of
ZONZIA MEDIA, INC.
By: /s/ Johnathan Adair
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