Posted On: 12/03/2016 12:51:18 AM
Post# of 22463
pg 29 The Board of Directors reserves the right, even after stockholder approval, to abandon the reverse stock split if the Board determines that it is not in the best interests of the Company and its stockholders. If the reverse stock split is not implemented by the Board of Directors within [one year] after stockholder approval is obtained, the proposal will be deemed abandoned, without any further effect.
Provided that the Board of Directors determines that it is advisable to effect a reverse stock split of the Common Stock, the Board of Directors will announce, at least ten days prior to the effectiveness of the reverse stock split, an exact reverse split ratio that is within the range of one-for-[?] to one-for-[?]. The reverse stock split would then become effective upon the listing of the Common Stock on the NASDAQ Stock Market.
Provided that the Board of Directors determines that it is advisable to effect a reverse stock split of the Common Stock, the Board of Directors will announce, at least ten days prior to the effectiveness of the reverse stock split, an exact reverse split ratio that is within the range of one-for-[?] to one-for-[?]. The reverse stock split would then become effective upon the listing of the Common Stock on the NASDAQ Stock Market.
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