Item 8.01 Other Events.
On
The Reverse Stock Split was previously approved by the Company's shareholders at
the Company's
As a result of the Reverse Stock Split, every one hundred and fifty (150) shares
of the issued and outstanding common stock of the Company will be converted into
one (1) share of common stock. Any and all fractional shares resulting from the
Reverse Split which are less than 1 (one) whole share, shall not be rounded up
to the next whole share and rather such Holder shall receive a fractional
pro-rata cash payment equal to 120% of the closing market price on
The number of authorized shares will not change as a result of the Reverse Stock Split.
The Reverse Stock Split will become effective upon announcement by
An amendment to Articles of Incorporation will also be filed citing the Reverse Stock Split.
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