BitNile Metaverse Inc (BNMV)

[threewheeler]

yea was wondering myself why anyone would buy b4 the r/s, obviuosly not an IHub play The proposals that must be approved in order for the Merger to be consummated are the following:



1. To approve an amendment to our Articles of Incorporation to effect a change in the name of our company from Magnolia Solar Corporation to EcoArk Holdings, Inc.;



2. To approve an amendment to our Articles of Incorporation to effect a reverse stock split of our common stock by a ratio of one-for-two hundred fifty shares (1 for 250);



3. To approve an amendment to our Articles of Incorporation to effect an increase in the number of our authorized shares of common stock, par value $0.001 per share, to 100,000,000;



4. To approve an amendment to our Articles of Incorporation to effect the creation of 5,000,000 shares of “blank check” preferred stock; and



5. To approve the adjournment of the MSC Special Meeting, if necessary or appropriate, in the view of the MSC board of directors, to solicit additional proxies in favor of the Charter Proposals if there are not sufficient votes at the time of such adjournment to approve the Charter Proposals, which is referred to herein as the adjournment proposal.