Last Friday we've got an nice update from PTSH...Just to remind you, here is one part regarding Reorganizational Plan : Management is of the opinion that the latest developments within PTSH constitute a material event which warrants a public announcement to its followers and shareholders.
1. All of the assets held by the company of its previous subsidiary United Energy will be written off to a value of nil.
2. The appointment of Michael Arnkvarn as the company CEO.
3. The Company will redirect all of its efforts and energies to promoting the Collagenna Product line as well as the CinG-X project.
4. All shares which were issued to its previous subsidiary United Energy that were held in escrow will be returned to treasury. This will reduce the Company outstanding share structure by over 250 million shares to 395,276,558.
5. The company is in the process of completing filings with the goal of becoming current with the OTC markets very shortly.