$TYTN News -Announces New Corp Share Structure
Post# of 2918
$TYTN News -Announces New Corp Share Structure
KALAMA, WA, Apr 04, 2012 (MARKETWIRE via COMTEX) -- Tytan Holdings, Inc. ("the Company") (PINKSHEETS: TYTN) is pleased to announce that FINRA has approved a 1:150 reverse split of all of its common shares, both authorized and issued. This means that every 150 common shares authorized and outstanding will be replaced with one (1) new common share. The share price will start at 150 times yesterday's closing price of $.0002 or $.03 per share.
The new corporate share structure as of today is:
Authorized: 43,333,334 (YES you se it right the A/S is included in the RS)
O/S Issued: 36,703,097
Float: 31,221,671
The stock will trade as TYTND for the next twenty days per FINRA rules. Individual investors should contact their respective brokers to answer questions pertaining to their holdings.
The Company has filed with the State of Colorado for a voluntary reduction of its authorized common share count. "This was just the right thing to do," said CEO Mark Leonard. The Company sees this as a move toward strength and a better position for growth. "With upcoming business announcements and upward sales movement last quarter, things look very promising," remarked Leonard.
http://www.sos.state.co.us/biz/ViewImage.do?f...9871288462
See Articles of Amendment of Tytan Holdings, Inc., Paragraph 2. " Article II Section (B) shall be amended to state: 'Forty-Three Million Three Hundred Thirty-Three thousand Three Hundred Thirty-Four (44,333,334) common shares, $001 parvalue ('Common Stock').'"
For the Safe Harbor statement please visit our website at:
http://www.tytantractor.com/comparison.html
> News Sourcce : http://finance.yahoo.com/news/tytan-holdings-...00476.html
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RS is OFFICIAL announced to be effectiveon April 4th,
> 04/03/2012 13:05:51|S2| TYTND |TYTN|Tytan Holdings Inc. (NEW) Common Stock New|Tytan Holdings Inc. Common Stock New|04/04/2012|1-150 R/S **|||u|Y|100|Y
http://otcbb.com/dailylist/txthistory/BB04032012.txt
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