The simple reason you should vote NO
Start with 1 000 000 shares
Last year's 2016 reverse split of 1:16 Resulting shares: 62500
This year's 2017 reverse split of 1:20 Resulting shares: 3125
After dilution the shares will be back to less than .10 price, it'll be next year, and they'll want another reverse split (which would land you with 157 shares, btw).
You would end up with 1 share after 5 reverse splits (which they'll definitely need by FDA approval in 2023) to have only 1 share left when you started with a million. Even if the price of the stock goes up to 20 dollars at that point, your shares would only be worth 20 dollars.
They can take a buyout. All signs point to them having been in negotiations for a buyout over the last month (shutting down social media, filing 10k/A to protect their salaries, and the length and severity of the quiet period). They just don't WANT to take a buyout because it would mean giving up their long term profits from the tech, and they're willing to screw the shareholders over and over again in order to get there.
THAT is the reason that they're going for another last ditch attempt at a reverse split rather than taking the buyout or merger.
And in the meanwhile, they'll keep taking first class flights and having extravagant meetings in their fancy corporate offices.
So its time for them to accept a buyout or merger.
so MAKE SURE YOU VOTE ----NO----