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Author Topic: WARNING LSTA Reverse Split filing
bingo2004
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http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001108017%2D04%2D000435%2Etxt&FilePath=%5C2004%5C08%5C06%5C&CoName=LIVESTAR+ENTERTAINMENT+GROUP+INC&FormType=PRE+14C&RcvdD ate=8%2F6%2F2004&pdf=

On August 5, 2004, the holder of approximately 75% of the voting power of the outstanding shares of the Company’s Common and Preferred Stock (par value $0.0001) voted to approve:

The reverse split of the Company’s Common and Preferred Stock (par value $0.0001) so that upon effectuation of the split, one (1) New Share of the Company’s Common and Preferred Stock will be issued for up to each thousand (1,000) shares of the Company’s Common and Preferred Stock currently issued and outstanding with each fractional share rounded up to the next whole share (the “Reverse Split”) except that the Reverse Split shall not affect the shareholdings of those shareholders holding one hundred (100) or fewer shares of record as of the Record Date.


Prior to the Reverse Split, the Company had 2,144,468,337 common shares, 875,000 Series A convertible preferred shares and 60,000,000 Series B convertible preferred shares of the Company’s Common and Preferred Stock outstanding. The Company has no intention of becoming a private company and there are no plans to “take the Company private”.

To more fully understand these matters affecting Livestar Entertainment Group, Inc., a Nevada corporation (the “Company”), you should carefully read the entire Information Statement, which is first being mailed to stockholders on or about August 16, 2004 and it is accompanied by a Form 10-KSB Annual Report for the fiscal year ended December 31, 2003 attached hereto and incorporated herein as Annex A.

THE COMPANY HAS NOT AUTHORIZED ANYONE TO GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS OTHER THAN THOSE CONTAINED IN THIS INFORMATION STATEMENT AND, IF GIVEN OR MADE, YOU MUST NOT RELY UPON SUCH INFORMATION OR REPRESENTATION AS HAVING BEEN AUTHORIZED BY US OR BY ANY OTHER PERSON.

The Company is subject to the informational requirements of the Securities Exchange Act of 1934 (the “Exchange Act”) and in accordance with the Exchange Act, the Company files reports, proxy statements, and other information with the U.S. Securities and Exchange Commission (the “Commission”). You may inspect and copy of the reports, proxy statements, and other information filed by us with the Commission at the public reference facilities maintained by the Commission at Room 1024, 450 Fifth Street, N.W., Washington, D.C. 20549, and as well as the Commission’s Regional Offices. You may also call the Commission at 1-800-SEC-0330 for more information about the public reference room, how to obtain copies of documents by mail or how to access documents electronically on the Commission’s Web Site at (http://www.sec.gov).


Posts: 638 | From: new york | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
famtrecrew
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when will this reverse split be taking place do you think??
Posts: 132 | From: Cathedral City , CA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
bingo2004
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fam - I have no idea

Maybe the LSTA R.B board has more info


Posts: 638 | From: new york | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
famtrecrew
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quote:
Originally posted by bingo2004:
fam - I have no idea

Maybe the LSTA R.B board has more info


Thanks for the info... what is the LSTA R.B board? Could you give me a link if you have one.


Posts: 132 | From: Cathedral City , CA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
Upside
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There's no way of knowing for sure yet. The filing of August 6th (my birthday by the way, happy birthday Upside!) is a PRE 14C meaning preliminary. I believe that they have 20 days to file a DEF 14C or definitive statement. Again, I'm not sure but the split itself might have to happen within the next 20 days as well. Perhaps someone a little more knowledgable than me could answer that.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
massageguy
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I am very disappointed in lsta.They lied to the shareholders. They made a statement saying they would not do a reverse split and here they are doing it.

Posts: 57 | From: calgary.canada | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
   

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