Re: Pre 14a filed with the SEC. Of course usually a reverse split does not help the stockholder. There are exceptions to this. Some companies have done a reverse split and recovered quite nicely. On the other hand, increasing the number of stocks a company can issue to 1 billion seems also counterproductive to the stockholder. Your comments?
To Our Shareholders:
A special meeting of shareholders of AmeriResource Technologies, Inc. will be held on August 30, 1999 at 8:00 a.m. local time at the Company's offices, 9319 Santa Fe Drive, Overland Park, Kansas, for the following purposes:
1. PROPOSAL NO. 1: To elect two directors (Delmar Janovec and Rod Clawson to the Company's board of directors, each to serve until the next annual meeting of the shareholders or until their respective successors are elected and qualified;
2. PROPOSAL NO. 2: To consider and vote on a proposed amendment to the Company's Certificate of Incorporation to increase the number of
authorized shares of the Company's common stock from 500,000,000 to
1,000,000,000 shares;
3. PROPOSAL NO. 3: To ratify the selection of Crouch, Bierwolf & Chisholm, Salt Lake City, Utah, as the Company's independent auditors for the fiscal year ending December 31, 1999;
4. PROPOSAL NO. 4: To transact such other business as may properly come before the meeting. |
