(Total Views: 314)
Posted On: 01/07/2021 7:08:51 PM
Post# of 82686
Thank you, CyberC.
I thought I had read the 14C carefully.
Here were the 4 matters to have been decided at the annual meeting:
1. Re-elect the Officers
2. Approve the CPA
3. The Officers approve their salaries
4. The AS reduced from 14 to 4 Billion
Now, I would like an explanation for this language, hidden in the fine print, that I missed before, as it was obscured, not having been identified as part of the Agenda:
“The Reverse Stock Split will not affect any convertible securities currently outstanding (including the Series B Preferred Shares), other than a few Convertible Promissory notes with fixed convertible prices, as such securities convert for the most part based on a percentage calculation related to stock price alone. “
...
“The approval by at least a majority of the outstanding voting power of our voting securities is required to approve the Reverse Stock Split and the decrease in the authorized shares of common stock. “
Mr. Kay unequivocally stated, in a public release, recently, that there was NO anticipated need OR PLAN for a Reverse Split in the foreseeable future.
Mr. Kay, please answer strait: will there or won’t there be another Reverse Split in 2021?
And I will be asking this question daily until I get an unequivocal answer.
Thank you.
I thought I had read the 14C carefully.
Here were the 4 matters to have been decided at the annual meeting:
1. Re-elect the Officers
2. Approve the CPA
3. The Officers approve their salaries
4. The AS reduced from 14 to 4 Billion
Now, I would like an explanation for this language, hidden in the fine print, that I missed before, as it was obscured, not having been identified as part of the Agenda:
“The Reverse Stock Split will not affect any convertible securities currently outstanding (including the Series B Preferred Shares), other than a few Convertible Promissory notes with fixed convertible prices, as such securities convert for the most part based on a percentage calculation related to stock price alone. “
...
“The approval by at least a majority of the outstanding voting power of our voting securities is required to approve the Reverse Stock Split and the decrease in the authorized shares of common stock. “
Mr. Kay unequivocally stated, in a public release, recently, that there was NO anticipated need OR PLAN for a Reverse Split in the foreseeable future.
Mr. Kay, please answer strait: will there or won’t there be another Reverse Split in 2021?
And I will be asking this question daily until I get an unequivocal answer.
Thank you.
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