Ingen files 1000-1 reverse split. But keeps Authorized at 8 Billion
4. To approve an amendment to the Company’s Articles of Incorporation to effect a reverse stock split of the Company’s common stock at a reverse split ratio of 1 for 1,000. There will be no change to the authorized shares of common stock of the Company as a result of the reverse stock split and any fractional shares will be rounded up to the next whole share.""
sec.gov
July 14 IGNT did a private placement with several unnamed investors
Proxy states this":
"Only shareholders of record at the close of the business on July 26, 2010 may vote at the Annual Meeting. There are no dissenter's rights of appraisal under Georgia law in connection with the above-listed actions."
Outstanding Shares 7,107,436,379 as of Aug 1, 2010 # Authorized Shares 8,000,000,000 as of Apr 16, 2010 # Float(shares) 7,087,284,246 as of Aug 1, 2010 # Number of Shareholders of Record 571 as of Aug 1, 2010
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