The purpose of this Information Statement is to provide disclosure to our stockholders regarding the Reverse Split (the “Corporate Action”) ratified and approved by the Joint Written Consent to implement a Reverse Split in a ratio and at a time and date to be determined by the Company’s Board of Directors, not to exceed a one-for-three thousand (1:3000) basis, within one hundred eighty (180) days from the date of filing of the Definitive Information Statement on Form 14C with the SEC. The Board of Directors decided that it is in the best interests of the Company and its stockholders to extend the time to determine the ratio of the Reverse Split for an additional one hundred eighty (180) days in order to: (i) evaluate the success of its capital raising efforts; and (ii) the growth of its operations during the extension.
This above IS the ‘DEF’ Definitive Form 14C...see at the top of the filing? Also lol its called a ‘DEF 14C’ on their OTC page....but at top left corner of filing its checked in this box:
[X] Definitive Information Statement
So its been over 180 days....RS timed out, right? No RS then. Why? Well cause of great new business they are having....they even say it above as to why they will consider NOT implementing the RS:
...”the growth of its operations during the extension”
So......looks good to go here. Monster new business, over $100 mil coal orders (this is Nasdaq kind of news $3 stock to $30 kinda news...) new monthly recurring huge shipments of coal now going forward for next year, all w a mere 2 bil OS stock: i like it!
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