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Technology Stocks : AmeriChip International, Inc. No Pumpers/Bashers
ACII 25.42-0.3%Oct 29 3:02 PM EDT

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From: BarclayDonaldson6/21/2007 10:15:12 AM
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1 for 7 R/S filed with SEC. Funny, no PR....

I wonder if the A/S will remain at 1 BILLION after this R/S. That would leave plenty of room for continued dilution of hundreds of millions of shares.

sec.gov

The actions to be effective twenty days after the mailing of this Information Statement are as follows:

(1) Four members were elected to the Company's Board of Directors to hold office until the Company's Annual Meeting of Stockholders in 2006 or until his successor is duly elected and qualified; and

(2) The appointment of Jewett, Schwartz, Wolfe & Associates as the Company's independent certified public accountants was ratified; and

(3) The Company’s 2003 Non-Qualified Incentive Stock Option Plan was ratified; and

(4) The amendment to the Articles of Incorporation to increase the authorized shares of common stock to 1,000,000,000, par value $.00001 and establish a class of preferred shares, totaling 1,000,000,000, par value $.00001, was ratified; and

(5) Enacted a one for seven reverse stock split, to be effective as of the filing of an amendment to the Company's Articles of Incorporation with the Nevada Secretary of State.
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