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Posted On: 06/05/2018 10:20:42 PM
Post# of 913
From the June 5 BVTK SEC filing
"The Board of Directors and the Majority Stockholder of the Company has approved the filing of an amendment to our Articles of Incorporation to increase the number of authorized shares of Common Stock from 10,000,000,000 shares to 10,600,000,000 shares initially, with the Company’s Board of Directors (the “Board”) having discretion to increase the number of authorized shares by an additional 1,000,000,000 thereafter at any time in the future in the Board’s sole discretion (the “Authorized Share Increase”). The Board of Directors believes these authorized share increases are necessary and advisable in order to maintain our financing and capital raising ability.
The purpose of the increases in authorized Common Stock is to increase the number of shares of our Common Stock available for issuance to investors who provide the Company with funding required to continue operations, and/or to persons in connection with potential acquisition transactions, warrant or option exercises and other transactions under which our Board of Directors may determine are in the best interests of the Company."
"The Board of Directors and the Majority Stockholder of the Company has approved the filing of an amendment to our Articles of Incorporation to increase the number of authorized shares of Common Stock from 10,000,000,000 shares to 10,600,000,000 shares initially, with the Company’s Board of Directors (the “Board”) having discretion to increase the number of authorized shares by an additional 1,000,000,000 thereafter at any time in the future in the Board’s sole discretion (the “Authorized Share Increase”). The Board of Directors believes these authorized share increases are necessary and advisable in order to maintain our financing and capital raising ability.
The purpose of the increases in authorized Common Stock is to increase the number of shares of our Common Stock available for issuance to investors who provide the Company with funding required to continue operations, and/or to persons in connection with potential acquisition transactions, warrant or option exercises and other transactions under which our Board of Directors may determine are in the best interests of the Company."
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