Posted On: 07/15/2016 12:43:53 PM
Post# of 96897
So question.. the reverse split we outlined previously
. We have filed the action forthe split with the state of Nevada. In
the next few days our counsel will be submitting the amendments necessary to facilitate the split and applying for a new CUSIP for the post
-split shares. Once those are completed we will be immediately submitting our application to FINRA for review. We anticipate the review process will take anywhere from 10 to 40 days.
Once completed we will finalize the other pending agreements which will reduce our convertible notes payable by close to a million dollars and allow us to significantly reduce the number of shares needed in servicing debt moving forward.
Can we expect a further reduction? or am i not getting this correct?
TIA
. We have filed the action forthe split with the state of Nevada. In
the next few days our counsel will be submitting the amendments necessary to facilitate the split and applying for a new CUSIP for the post
-split shares. Once those are completed we will be immediately submitting our application to FINRA for review. We anticipate the review process will take anywhere from 10 to 40 days.
Once completed we will finalize the other pending agreements which will reduce our convertible notes payable by close to a million dollars and allow us to significantly reduce the number of shares needed in servicing debt moving forward.
Can we expect a further reduction? or am i not getting this correct?
TIA
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