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The Automotive Resource Network Holdings, Inc. (ARNH) Announces Issuing Anti-Dilutive Convertible Preferred "H" Securities To All Common Shareholders With A Record Date Of On Or Before May 20, 2013
The Automotive Resource Network Holdings, Inc. (ARNH) Announces Issuing Anti-Dilutive Convertible Preferred "H" Securities To All Common Shareholders With A Record Date Of On Or Before May 20, 2013.
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[{"type":"text","content":"\n\n\n\n\n\n\n\nThe Automotive Resource Network Holdings, Inc. (ARNH) Announces Issuing Anti-Dilutive Convertible Preferred \"H\" Securities To All Common Shareholders With A Record Date Of On Or Before May 20, 2013\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nThe Automotive Resource Network Holdings, Inc. (ARNH) Announces Issuing Anti-Dilutive Convertible Preferred \"H\" Securities To All Common Shareholders With A Record Date Of On Or Before May 20, 2013\n\nPR Newswire\n\nNEW YORK, May 1, 2013\n\n\n\n\n\n\n\nNEW YORK, May 1, 2013 /PRNewswire/ -- (OTC Pink: ARNH) The Automotive Resource Network Holdings, Inc. CEO Kathleen Roberton announces that ALL common shareholders, as of record date May 20, 2013, will be issued Anti-Dilutive Convertible Preferred \"H\" Securities. This will serve as the redemption for the dilution of their investments in the open market, through the debt conversions. There will be no further consent resolutions by ARNH and use of rule 144 by stockholders, as a provision to convert equity or debt, until ARNH completes a registration statement with the SEC. These securities will be priced at $2.50 per share, will be anti-dilutive, convert at $0.00001 par value of ARNH and will be dividend capable. Additionally, once the company is audited to reflect the true market capitalization of the equity on its balance sheet, these securities will form the reconstituted Issued Capital that will be registered by ARNH to create new freely traded securities for its shareholders. ARNH will host a conference call on Monday, May 6, 2013 at 2:00 p.m. Pacific Time / 5: 00 p.m. Eastern Time to further clarify this press release.\n\n\nThe live call will include a moderated Q&A, after the prepared remarks. The dial-in telephone number for the live audio is as follows:\n\n\nNorth America: 1.605.475.6700 Access Code 728728#\n\n\n\nKathleen Roberton, CEO, The Automotive Resource Network Holdings Inc., states: \"Issuing the Anti-Dilutive Convertible Preferred \"H\" Securities is an important necessity in protec...