Information Circular
NOTICE IS HEREBY GIVEN that an annual and special meeting (the "Meeting") of shareholders of The Futura Loyalty Group Inc. (the "Corporation") will be held at the offices of Wildeboer Dellelce LLP, 365 Bay Street, Suite 800, Toronto, Ontario, Canada at 10:00 a.m. (Toronto time) on Tuesday, June 26, 2012
Looks like Mark is with Inspire Developments
| Mark Farrell(2) Toronto, Ontario | Director | President, Inspire Developments | 3,898,734 | |
No extra details about the rollback, only general material. Somewhat disappointing in this regard.
Promote liquidity? (A company having more shares is liquid and not after a rollback), reduce volatility? (after a rollback watch the volatility, if anything a stock becomes more price sensitive and usuallly more volatile), raise any required funding (funding how? with the large debt on the books and no sales momentum)
The Corporation currently has 184,915,651 Common Shares issued and outstanding. If approved and implemented, the Share Consolidation will reduce the number of issued and outstanding Common Shares approximately to 4,622,891 assuming a Share Consolidation ratio of one (1) to forty (40). The Corporation wishes to reduce the outstanding Common Share amount to a level more in keeping with its industry peers. The Corporation believes that the Share Consolidation, if implemented, will promote increased liquidity and reduced volatility in the trading of the Corporation’s Common Shares and allow the Corporation to raise required funding for operations