Posted On: 12/09/2015 10:55:47 AM
Post# of 12259
I am willing to listen to the case being made for and against any RS at the meeting tomorrow. I hope that you are all aware that this can be done without even talking to shareholders, but Joel is going to take the time to explain our current situation with share structure and get all feedback possible. I urge everyone to attend.
Under the laws of the State of Nevada, the Company can implement a proportional reverse split of the common shares without the need for a shareholder vote. It is absolutely critical for shareholders to understand what this means and why a reverse split of the authorized shares with an equal and proportional reverse split of the common shares outstanding will protect shareholders from the typical outcome seen in reverse splits.
Lets hope the Company understands that in order for a ‘new, higher share price’ to be respected and maintained following any reverse split will require fundamental value-building events to occur immediately after effecting a reverse split.
Under the laws of the State of Nevada, the Company can implement a proportional reverse split of the common shares without the need for a shareholder vote. It is absolutely critical for shareholders to understand what this means and why a reverse split of the authorized shares with an equal and proportional reverse split of the common shares outstanding will protect shareholders from the typical outcome seen in reverse splits.
Lets hope the Company understands that in order for a ‘new, higher share price’ to be respected and maintained following any reverse split will require fundamental value-building events to occur immediately after effecting a reverse split.
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