Peter Meier stated, “For the first time in our history, we are poised to generate revenue; significant revenues. Our goal has always been to change the landscape of the underwater timber recovery industry, and now, finally, we are ready to do just that.”

Management indicated that once the agreement has been concluded, they will begin to explore alternative options to a reverse split, as Meier concluded, “First we do away with unnecessary dilution. Next, we aggressively examine our cap structure and how best to resolve it, in a manner that supports shareholder value and the integrity of this Company. Then, we build Hollund Industrial Marine into the company we all envision.”

Peter Meier states that once Lonnie's Class C shares are restructured, they will begin to explore alternative options to a reverse split.  This statement indicates the Hollund does not intend to do a reverse split.  Now we must find out what the plan is, and when it will be implemented.