Reverse split authorization filing: The below para
Post# of 1481
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Posted On: 07/21/2019 12:25:41 PM
Reverse split authorization filing: The below paragraphs are copied from the MYDX sec filing 14c dated July 20,2018. So if written consent was July 5th,2018 per the below statement would not the reverse split be expired already.
This is the link for all of it.
https://ir.mydxlife.com/all-sec-filings?page=...-18-009474
Grant discretionary authority to the Board, at any time or times for a period of 12 months after the date of the Written Consent (as defined below), to adopt an amendment to the Company’s Articles of Incorporation, as amended (the “Articles of Incorporation”), to effect a reverse stock split at a ratio of (i) 1-for-250; (ii) 1-for-500; (iii) 1-for-750; (iv) 1-for-1000; (v) 1-for-1250; (vi) 1-for-1500; (vii) 1-for-2000; or (viii) 1-for-2500, such ratio to be determined by the Board, or to determine not to proceed with the reverse stock split (the “Reverse Split”);
The Board approved the resolution to effect Reverse Split at any time or times during the next twelve (12) months at a specific Reverse Ratio and declared it advisable and in the Company’s best interests and directed that the approval of the same resolution be submitted to the holder of a majority of the Company’s voting shares for action by written consent. On July 5, 2018, the Majority Stockholder approved and ratified the resolution regarding the Reverse Split via the Written Consent.
Stockholders of record at the close of business on July 2, 2018, are entitled to notice of this stockholder action by written consent. Since the actions have been approved by the holders of the required majority of the outstanding shares of our voting stock, no proxies were or are being solicited.
This Information Statement will be mailed on or after July 23, 2018, to those persons who were stockholders of the Company as of the close of business on July 2, 2018 (the “Record Date”). If the Board elects to implement the Reverse Split, which the Board may choose not to do at its discretion, the Reverse Split will become effective following the approval of the Financial Industry Regulatory Authority and the filing of an amendment to the Articles of Incorporation with the Secretary of State of the State of Nevada. The Plan will become effective on or after August 13, 2018 (twenty (20) calendar days after the mailing of this Information Statement).
- Grant discretionary authority to the Board, at any time or times for a period of 12 months after the date of the Written Consent (as defined below)
- If the plan would become implemented at earliest August 13th,2018 which is 20 calendar days after mailing info to shareholders. That would mean the info was mailed on July 24th,2018.
- Copied from above: On July 5, 2018, the Majority Stockholder approved and ratified the resolution regarding the Reverse Split via the Written
Consent.
- So if written consent was July 5th,2018 per the above statement would not the reverse split be expired already.
This is the link for all of it.
https://ir.mydxlife.com/all-sec-filings?page=...-18-009474
Grant discretionary authority to the Board, at any time or times for a period of 12 months after the date of the Written Consent (as defined below), to adopt an amendment to the Company’s Articles of Incorporation, as amended (the “Articles of Incorporation”), to effect a reverse stock split at a ratio of (i) 1-for-250; (ii) 1-for-500; (iii) 1-for-750; (iv) 1-for-1000; (v) 1-for-1250; (vi) 1-for-1500; (vii) 1-for-2000; or (viii) 1-for-2500, such ratio to be determined by the Board, or to determine not to proceed with the reverse stock split (the “Reverse Split”);
The Board approved the resolution to effect Reverse Split at any time or times during the next twelve (12) months at a specific Reverse Ratio and declared it advisable and in the Company’s best interests and directed that the approval of the same resolution be submitted to the holder of a majority of the Company’s voting shares for action by written consent. On July 5, 2018, the Majority Stockholder approved and ratified the resolution regarding the Reverse Split via the Written Consent.
Stockholders of record at the close of business on July 2, 2018, are entitled to notice of this stockholder action by written consent. Since the actions have been approved by the holders of the required majority of the outstanding shares of our voting stock, no proxies were or are being solicited.
This Information Statement will be mailed on or after July 23, 2018, to those persons who were stockholders of the Company as of the close of business on July 2, 2018 (the “Record Date”). If the Board elects to implement the Reverse Split, which the Board may choose not to do at its discretion, the Reverse Split will become effective following the approval of the Financial Industry Regulatory Authority and the filing of an amendment to the Articles of Incorporation with the Secretary of State of the State of Nevada. The Plan will become effective on or after August 13, 2018 (twenty (20) calendar days after the mailing of this Information Statement).
- Grant discretionary authority to the Board, at any time or times for a period of 12 months after the date of the Written Consent (as defined below)
- If the plan would become implemented at earliest August 13th,2018 which is 20 calendar days after mailing info to shareholders. That would mean the info was mailed on July 24th,2018.
- Copied from above: On July 5, 2018, the Majority Stockholder approved and ratified the resolution regarding the Reverse Split via the Written
Consent.
- So if written consent was July 5th,2018 per the above statement would not the reverse split be expired already.
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