Posted On: 08/13/2014 11:22:47 PM
Post# of 30066
I'm not understanding the confusion here. Gerald's blog was very clear.
1. The increase in AS requires approval through a shareholder vote.
2. A proportional RS can be done with BOD approval and doesn't require a shareholder vote. The OS and AS would both be reduced by the same factor, which keeps their ratio the same before and after the RS. This is the part allowed by Nevada corporate law.
3. Any RS will only be done as part of uplisting, and depending on market reaction to achieving near-term milestones, may or may not be needed to uplist.
1. The increase in AS requires approval through a shareholder vote.
2. A proportional RS can be done with BOD approval and doesn't require a shareholder vote. The OS and AS would both be reduced by the same factor, which keeps their ratio the same before and after the RS. This is the part allowed by Nevada corporate law.
3. Any RS will only be done as part of uplisting, and depending on market reaction to achieving near-term milestones, may or may not be needed to uplist.
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