JP, according to Nevada corporate law (Amarantus is a Nevada company), a disproportional reverse split would require shareholder approval. Only a proportional reverse split can be done at the discretion of the board of directors.

I'm not sure what Gerald meant by the term he used. Perhaps it's a typo on his part, but I can find nothing in the proxy about a provision for a disproportional reverse split, and it's not one of the provisions shareholders are voting on as would be required by Nevada law.