SPQS 4th Quarter Share Structure
Oct 26, 2012
OTC Disclosure News Service
Orlando, FL –
Oct. 26, 2012 (OTC MARKETS NEWSWIRE) — SportsQuest, Inc. (SPQS), a publicly-traded holding company, announces no changes in share structure in 4th quarter.
At a board of directors meeting October 24th, 2012 SPQS has decided the best course of action is to try to alleviate the current “chill” in place with the DTCC (Depository Trust Clearing Corporation). SPQS has announced the following corporate actions to stay in place for the 4th Quarter and end of the Calendar Year 2012.
1. SPQS will not commence a reverse split of its stock.
2. SPQS will not raise its authorized shares, currently (4,000,000,000).
3. SPQS will not issue any additional shares in the 4th quarter 2012.
These actions will be put in place for the end of 4th quarter 2012 and rest of the calendar year 2012. SPQS may revisit these options in 2013 but its primary concern is to be fully functional with DTCC.
CEO of SPQS Jeffery Burns said: “The value of its stock is the life blood to a publicly traded company. We have made some clear decisions to be able to ensure we achieve the best tradability for ours. As our course of corporate action is clear for the rest of the year we are can now put our full efforts on our subsidiary Zabo Foods.”
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