Replies to post #1820 on Reverse Split Round Up Share Plays

[Zardiw]

Well, the reason would be to keep the price up at the end....course who could have known they would drop it like that........z

[frans]

I bought mine at 1.5

[ckayela]

JJSeabrook .. can you explain how many shares a person should buy? I didn't really understand about the third integer thing. Would it mean that if you bought "101" shares you would be rounded up to "200" or would you have to buy,say 7301 or so to get rounded up to "200"?

Thanks

MATERIAL TERMS OF THE REVERSE SPLIT

The Board has unanimously adopted and the consenting stockholder has approved a resolution, attached as Exhibit A hereto, to effect a one-for-seventy three (1:73) reverse stock split of the Common Stock of Veracity (the "Reverse Split"). The resulting share ownership interest including resulting fractional shares for each individual shareholder shall be rounded up to the third whole integer in such a manner that every shareholder shall own at least 100 shares as a result of the Reverse Split. The Board and the consenting stockholder believe that the Reverse Split is in Veracity's best interests, principally because it will enable Veracity to issue additional shares in connection with raising capital and/or potential business acquisitions related to its ongoing efforts to acquire additional operating business.

The immediate effect of the Reverse Split will be to reduce the total number of shares of Veracity common stock from approximately 2,692,670,338 shares to approximately 36,885,895 shares issued and outstanding.

The Reverse Split will affect all of the holders of Veracity's common stock uniformly and will not materially affect any stockholder's percentage ownership interest in Veracity or proportionate voting power, except for insignificant changes that will result from the rounding of fractional shares.

The Reverse Split is expected to become effective on or about August 29, 2007 (the "Effective Date"). The Reverse Split will take place on the Effective Date without any action on the part of the holders of Veracity's common stock and without regard to current certificates representing shares of any class of Veracity common stock being physically surrendered for certificates representing the number of shares of Veracity common stock each stockholder is entitled to receive as a result of the Reverse Split. New certificates of Veracity common stock will be issued.

No fractional shares will be issued in connection with the Reverse Split. Any fractional share will be rounded up to the third whole integer in such a manner that every shareholder shall own at least 100 shares as a result of the Reverse Split.

A resolution and consent granting the authority to effect a one-for-seventy three reverse stock split of the Common Stock of Veracity is attached hereto as Exhibit A.