Reverse split?
did u see the menton of the
reverse split in their documents?
At the date of this Proxy Statement, the Company has an aggregate of
50,000,000 shares of Common Stock issued and outstanding. Since (i)
Select-Shopper believes that the optimal capital structure will vest it
with control over 95% of the Company's Common Stock upon the completion of
the business combination transaction contemplated between the Company and
Select-Shopper.com, Inc. and (ii) Select-Shopper believes an ultimate
capitalization in the 2,500,000 to 5,000,000 share range is appropriate for
a small public Company and that a capitalization of 5,000,000 to 10,000,000
shares is appropriate for a larger Company, Select-Shopper believes that it
will be in the best interest of the Company and its Stockholders to reduce
the number of outstanding shares to approximately 500,000 shares by means
of a reverse split and then issue 5,400,000 restricted shares and 300,000
registered shares to Select-Shopper.com,Inc. as compensation for the
acquisition of all of its operations.
.......
um I think that is a 1 for 100 reverse split
LadyNada |
