Replies to post #27312 on Transportation and Logistics Systems Inc (TLSS)

[dlove2517]

From my understanding, no there isnt one on the way. But its always a possibility? He brought it up im just saying im gonna be one of the no votes should a reverse split end up actually be presented to us shareholders

[OMOLIVES]

? Always do for yourself:

PAGE 37!

The Company intends to seek shareholder approval to amend its Articles of Incorporation to increase the number of shares of common stock available for issuance and effect a reverse stock split to enable it to meet its obligations. The Company intends to file a preliminary proxy with the Securities and Exchange Commission in June 2020.

Also...

Upon completion of the amendment and resulting increase in the number of authorized shares, the Company will cause all committed shares to be issued or reserved for issuance, as applicable. After completing such issuances and reservations, the Company intends to assess its options for optimizing its capital structure so that it can pursue and secure the financing required to execute its plans to grow its business through organic means of geographic and service line expansion and through the acquisition of selected businesses or properties.

ref: https://www.sec.gov/Archives/edgar/data/1463208/000149315220010171/form10-k.htm


To hell with what ever "I say"...or "anyone else".....just do for yourself...and always read. Opinions are typically...if not always....bull.

[DD-King]

Here is the Answer to R/S.

Question 

The Company intends to seek shareholder approval to amend its articles of incorporation to increase the number of shares of common stock available for issuance and/ or effect a reverse stock split to enable it to meet its obligations.

ANSWER

a) Company would require approval from the shareholders who got 306 Million Shares from Dec, 2019 to 2020 to amend articles to increase number of shares with a board resolution. They will do it in a minute. Since the company needs Shares to be issued for future & present acquisitions. 


ANSWER 
APPROVAL REQUIRED FROM HOLDERS OF 306 MILLION Shares.

b) If me you or anyone from this board or any individual/group representing a revenue generating company who merged with $TLSS in exchange for Cash plus Shares issued between Dec 2019 and in Year 2020. You think people who took 306 million shares would allow reverse split or they rather amend articles of incorporation to increase the shares.  and why would they agree to make a deal with $TLSS  CASH/SHARES for acquisitions and mergers if they have to vote for R/S.

$TLSS company is acquiring companies with Cash & Stocks people will not make any deals with them anymore if they issue shares and then next morning reverse split.

Reverse Split is not approved and will not be approved by the new shareholders holding 306 million shares.Unless the company decide to move on higher exchange.