$LIMO ~ Latest 8-K Filing: decrease in A/S!

31-Jan-2012

Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial St


Item 5.03. Amendments to Articles of Incorporation or By-Laws; Change in
Fiscal Year
Reverse Stock Split

On December 13, 2011, our Board of Directors approved the filing with the Secretary of State of Nevada a Certificate of Change that effected a 1:5 reverse split in our outstanding common stock and a reduction of our authorized common stock in the same 1:5 ratio, from 300,000,000 shares authorized to 60,000,000 authorized shares, such action to be effective upon approval for trading purposes by the Financial Industry Regulatory Authority (FINRA). This corporate action for the change in authorized and outstanding stock was permitted to be taken by the Company's Board of Directors without stockholder approval under Nevada NRS 78.207.

The 1:5 reverse split with the concurrent reduction of our authorized common stock in the same ratio was approved by FINRA and effective for trading purposes on January 26, 2011.