The Company has become fully reporting to the Securities Exchange Commission (further herein referred to as “SEC”) during the course of 2012. As a result the Company has been filing quarterly and annual reports with the SEC.
In September 2012, the Company effected a 1-to-25 share reverse split of both its issued and outstanding and its authorized capital stock. This means that the holdings of all the holders of the Company’s common and preferred stock were proportionately reduced at a ratio of 1 share for each 25 shares held by them. The reduction in shares did not impact your share ownership in the Company because all shares were proportionally reduced.
The Company’s shares have also become DTC eligible. Therefore, the shares can be traded electronically.