Has anyone on this board ever seen a proxy where t
Post# of 30066
Posted On: 08/06/2016 6:16:01 PM
Re: investorxc #23761
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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?
Yes
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I'm sure if it has been done, it' s never done with such a huge range as this.
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.
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"
"finalized" sound like they are still at the table and close.
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