after a few minutes of review it seems to me that the reverse split will be a 1 for 20
Item 3.03. Material Modification to Rights of Security Holders.
On August 31, 2011, the Board of Directors of the Company (the “Board”) and a majority of the shareholders agreed by Written Consent to effect a reverse stock split of the outstanding shares of the Company’s common stock at a ratio of 1 for 20 (the “Reverse Split”) to become effective subsequent to the filing of the Certificate of Amendment with the Secretary of State of Nevada. As a result of the Reverse Split, each 20 shares of the Company’s common stock issued and outstanding immediately prior to the Reverse Split shall be changed into 1 share of common stock without any further action by the holders of the shares of common stock.
and the reason for the increase in authorized shares is due to having to pay off a lot of people with shares.
and then it looks like they will be entering some kind of security field (computer?)as per the same 8-k where they talk about acquiring patent rights.
Item 2.01. Completion of Acquisition or Disposition of Assets.
On September 23, 2011, the Company entered into a contract with SH Equity Partners, LLC (“SH”) entitled “Asset Purchase Agreement.” Under this contract, the Company acquired certain patent rights pursuant to the Settlement and Release Agreement by and between SH and Priviam, Inc. (the “Patent Rights Agreement”). In consideration for the purchase of patent assets under the Patent Rights Agreement, the Company issued to SH a Convertible Promissory Note Agreement in the principal amount of $50,000 at a10% interest rate with a maturity date of September 23, 2012, which converts at SH’s option into shares of the Company’s common stock at a price of $0.01 per share. On September 23, 2011, the Company formed Hyper Secure, LLC, a Nevada limited liability company, which is a wholly-owned subsidiary of the Company, which subsidiary will hold all the patent assets acquired from SH.
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