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Foxwoods Man

06/01/11 7:01 AM

#5315 RE: NeoSage #5313

Actually the R/S was announced in July of '08 (yes, effective in October)...and... since you brought it up there is a telling similarity to the present day situation..FYI:

On July 25, 2008, after researching many other avenues of raising capital the directors discussed the necessity for a
reverse split to raise money to finish development of their prototype. Without the ability to raise money, the
business would have to fold. In July 2008, the management chose to create the unmanned version of their patented
technology, which would be the fastest to market. However, the Company cannot raise money when their public
stock price is near zero.
The chosen reverse split ratio, albeit extreme, was a business decision, which was made by
the Board of Directors. The State of Nevada approved of the filing of the Company’s reverse split.