Business Brief
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In response to the many questions raised, whether the company has the intention at this time, to go through a reverse split, we can categorically confirm, that is not the case.
Once Cielo Mar is well under way and the fundamentals are in place, we do plan to uplist to Nasdaq or similar, and will then have to do a reverse split, in order to reach the price level needed, for the uplisting.
We have seen substantial dilution from conversion that we unfortunately have not been able to avoid, and we are not yet able to give any firm confirmation to the status of the notes. We can though state that the company has 1,250,000,000 authorized shares.
As of today we have now delivered 109 truckloads to Huy Fong.