Replies to post #3712 on Mobile Star Corporation (fka MBST)

[ChannelTrader]

I just sent this email, maybe I'll get a reply...

You put out an 8K today on MBST and it states a “forward split” but provides no information pertaining to it, can you clarify the obscure statement for investors please.


Thanks, XXXX X


ITEM 8.01
OTHER EVENTS

On February 7, 2012 the Board of Directors of the Company resolved to authorize a 500-for-1 reverse split of its issued and outstanding common shares, whereby every Five Hundred (500) old shares of common stock will be exchanged for One (1) new share of the Company's common stock, to become effective on February 7, 2012. As a result, once the reverse split is declared effective by the Financial Industry Regulatory Authority, the issued and outstanding shares of common stock will decrease from 650,000,000 prior to the forward split to 1,300,000 following the reverse split. The reverse split shares are payable upon surrender of certificates to the Company's transfer agent.