posted
June financials should be pretty sweet. Any day they'll be out, then this bird can soar. This company looks to be a sleeping giant ready for his wake-up call.
quote:Originally posted by Marketshark: Request for RS in last 14C .... you have been warned.
I know this is your first post here, but when you post information about an R/S you need supply a link or where you found the info. Can anyone else verify the R/S?
-------------------- If you don't sweat the pennies, you're not making any money.
IP: Logged |
"GRANT AUTHORITY TO THE BOARD TO CONDUCT UP TO A ONE FOR 400 HUNDRED (1:400) REVERSE SPLIT OF NANNACO'S ISSUED AND OUTSTANDING COMMON STOCK"
Nannaco's Board has determined that it would be in the Company's best interest in the near future to conduct a reverse split of its common stock on up to a 1-for-400 basis and has received the consent of holders in excess of a two-thirds majority of the voting capital stock to authorize the Board to conduct such a reverse split, in the Board's discretion.
A reverse split would reduce the amount of presently issued and outstanding shares of common stock into a smaller number of shares of identical common stock. This process would take up to four hundred shares of the presently issued and outstanding common stock on the effective date of the reverse split and convert those shares into one share of the post-reverse split common stock, as a matter of law.
The Board has indicated that fractional shares will not be issued. Instead, Nannaco will issue one full share of the post-reverse split common stock to any shareholder who would have been entitled to receive a fractional share as a result of the reverse split. Each shareholder will hold the same percentage of the outstanding common stock immediately following the reverse stock split as that shareholder held immediately prior to the stock split, except for minor adjustment as a result of the additional shares that will need to be issued as a result of the issuance of one share for a fractional share. "
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
