7/22/15 "Quasar's management was unfortunately faced with a decision to either conduct a reverse stock split or increase its authorized shares. The Company has elected not to do a reverse stock split but rather proceeded with increasing the authorized shares."
"In order to remain in legal compliance with our creditors and preferred shareholders we had to conduct a 1000 to 1 reverse stock split effective October 30, 2015. We tried our best to not have to resort to a reverse stock split but it became a necessity as the Company would be in default with creditors and preferred shareholders without this occurring."
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