Posted On: 05/11/2016 10:59:33 AM
Post# of 96897
Was the raising of AS to get the Audits completed finally?
This program has taken longer than hoped for, and we have almost completed all of the steps to submit the reverse split.
Unfortunately,we have some contractual obligations
due in April requiring us to issue more shares before we can complete the
recapitalization, requiring us to raise the AS one more time and issue some shares. We believe that the next move to the AS will be a reduction in conjunction with the reverse split, which will have a significant positive impact on the balance sheet, and in turn the value of the company.
This program has taken longer than hoped for, and we have almost completed all of the steps to submit the reverse split.
Unfortunately,we have some contractual obligations
due in April requiring us to issue more shares before we can complete the
recapitalization, requiring us to raise the AS one more time and issue some shares. We believe that the next move to the AS will be a reduction in conjunction with the reverse split, which will have a significant positive impact on the balance sheet, and in turn the value of the company.
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