Garden of Good and Evil

[eastunder]

And that is what happens when you give someone approval to have free reign to do what ever they choose to do and whenever they choose to do it.

They can just use the general meeting approved proposal.

The following proposals were approved and adopted at the Annual General Meeting:

the approval of one or more amendments to the Company's Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company's issued common shares at a ratio of not less than one-for-two and not more than one-for-1000, inclusive, with the exact ratio to be set at a whole number within this range to be determined by the Company's board of directors (the "Board"), or any duly constituted committee thereof, at any time after approval of each amendment in its discretion, and to authorize the Board to implement any such reverse stock split by filing any such amendment with the Registrar of Corporations of the Republic of the Marshall Islands.

https://www.sec.gov/Archives/edgar/data/1308858/000131786116000166/f102716drys6k.htm


What was voted on by shareholders was the never ending right to RS without further approval until, I suppose, the next general meeting where it will be requested again.


(Oh. And By "shareholders", I mean George and his "Framily" ;)