Moleculin Biotech Inc (MBRX)

[king oil]

As predicted, the stock price is tanking following the vote for a massive reverse stock split.

Proposal 3. The Company’s stockholders approved the adoption of an amendment to the Company's Amended and Restated Certificate of Incorporation to effect reverse stock split of the outstanding shares of the Company’s common stock, at one of the following reverse stock split ratios, 1-for-5, 1-for-6, 1-for-7, 1-for-8, 1-for-9, 1-for-10, 1-for-11, 1-for-12, 1-for-13, 1-for-14, or 1-for-15, as determined by the Board of Directors in its sole discretion, prior to the one-year anniversary of the Annual Meeting.