quote:Originally posted by plni: Sith I like reverse plays,how bout you give up the names of your next five picks and I will play some of them with you. thanks
there all good plays but very few shares to be had. gaps with low volume.
i already own 2.
2 have large gaps and dont trade, but that could change.
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NOTICE IS HEREBY GIVEN that the following actions will be taken pursuant to the written consent of stockholders holding a majority of the outstanding shares of common stock dated May _____, 2006, in lieu of a special meeting of the stockholders. Such action will be taken on or about May __, 2006:
1. The articles of incorporation of the Company, as amended (the “ Articles of Incorporation ”), will be amended and restated to change the Company's name from “Supreme Realty Investments, Inc.” to “Universal Travel Group”; and
2. The Articles of Incorporation will be amended and restated to effect a one (1) for ten (10) reverse stock split, whereby, as of the Record Date, each stockholder shall receive one share for every ten shares then owned.
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The Company currently has 200,000,000 shares of Common Stock authorized.
Authorized Shares
The reverse stock split will affect all issued and outstanding shares of the Common Stock and outstanding rights to acquire the Common Stock. Upon the effectiveness of the reverse stock split, the number of authorized shares of the Common Stock that are not issued or outstanding would increase due to the reduction in the number of shares of the Common Stock issued and outstanding.
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The Company currently has 200,000,000 shares of Common Stock authorized.
Authorized Shares
I understand how the ratio of common stock that are not issued or outstanding would increase, but do you all think they are going to keep the authorized shares the same and just bank the split shares? Is that what that is saying?
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