WTPE: 1.5 x 4.5, 47 to 1 forward split DD
Per the PRE 14A filed on 11/22/2000, they just
completed a reverse merger and have announced
a 47.21 to 1 forward split per approval of the
increase of authorized shares.
Fully reporting on the OTCBB, but only has
one MM now (PGON).
FORWARD SPLIT 47 to 1:
Pending the approval of the increase of
authorized shares as described in this
Proposal II, the Board of Directors has
approved a stock dividend in the nature of
a stock split pursuant to which each holder
of Common Stock will be given 47.214457
additional shares of Common Stock for each
share of Common Stock presently held by
such holder. The Board does not intend
to seek stockholder approval for this
stock dividend.
REVERSE MERGER:
The corporate name of the Company since its
incorporation has been "Water Petroleum &
Environmental Technologies Company." On
November 15, 2000, the Company entered into an
Agreement and Plan of Reorganization with
SkyGivers, Inc. pursuant to which the Company
acquired all of the issued and outstanding
shares of SkyGivers, Inc. in exchange for
7,008,895 shares of the Common Stock. In
addition, the Board of Directors of the
Company intends to pursue the business of
SkyGivers, Inc., namely, empowering
non-profit organizations through technology,
as the Company's main business focus.
Accordingly, in order to better reflect the
Company's business purpose, the Board of
Directors recommends to the stockholders for
their adoption at the Special Meeting an
amendment to the Company's Articles of
Incorporation to change the Company's name
from "Water Petroleum & Environmental
Technologies Company" to "SkyGivers, Inc."
skygivers.com
freeedgar.com
NOT A RECOMMENDATION TO BUY OR SELL WTPE. |
