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Posted On: 04/17/2020 3:34:01 PM
Post# of 82676
Re: StockSucker #67261
A/S will be 14B.
It is mentioned in the filing a couple of times.
On April 16th, 2020, Board of Directors and the holders of a majority of the voting power approved a resolution for a Reduction in Authorized from seventeen billion (17,000,000,000) Common Stock down to fourteen billion (14,000.000.000) Common Stock, $0.0001 par value, of the Company.
The Board of Directors believe once again that the reasons for the Reverse Stock Split, among other reasons, the large number of outstanding shares of our Common Stock have contributed to the difficulty with some business transactions , have contributed to a lack of investor and specialized fund interest in the Company, at a time when the security software market is active with regard to authentication and malware and has made it difficult to attract new investors, specialized funds and potential business candidates. In support of these beliefs, the Board of Director and the holders of the majority of the voting shares decreased the number of authorized Common Stock by 21% from seventeen billion (17,000,000,000) Common Stock down to fourteen billion (14,000,000,000) Common Stock, $0.0001 par value, of the Company.
https://www.sec.gov/Archives/edgar/data/12855...pre14c.htm
It is mentioned in the filing a couple of times.
On April 16th, 2020, Board of Directors and the holders of a majority of the voting power approved a resolution for a Reduction in Authorized from seventeen billion (17,000,000,000) Common Stock down to fourteen billion (14,000.000.000) Common Stock, $0.0001 par value, of the Company.
The Board of Directors believe once again that the reasons for the Reverse Stock Split, among other reasons, the large number of outstanding shares of our Common Stock have contributed to the difficulty with some business transactions , have contributed to a lack of investor and specialized fund interest in the Company, at a time when the security software market is active with regard to authentication and malware and has made it difficult to attract new investors, specialized funds and potential business candidates. In support of these beliefs, the Board of Director and the holders of the majority of the voting shares decreased the number of authorized Common Stock by 21% from seventeen billion (17,000,000,000) Common Stock down to fourteen billion (14,000,000,000) Common Stock, $0.0001 par value, of the Company.
https://www.sec.gov/Archives/edgar/data/12855...pre14c.htm
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