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Has anyone on this board ever seen a proxy where they state a range and they also state they may not even do a reverse split?

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Yes

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I'm sure if it has been done, it' s never done with such a huge range as this.

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The ranges is usually narrow from what I've seen.

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Think about that- the company says it may be necessary to do a 1:300 RS, but may not do a RS at all- are you kidding me?- it doesn't make any sense.

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It does make sense if you factor in the company has learned you cannot predict how the market reacts even if you own assets worth x10 - x100 times your market cap.

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I emailed Fred Sommer a few days ago asking for an update on the JV. His response:

"until a deal is finalized we are staying the course"

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"finalized" sound like they are still at the table and close.