Friday, February 20, 2015 4:55:40 AM
Here is JB's own words, now what? its not me but him saying this:
“Question 1: Is a reverse split under consideration? I am not considering this option AT THIS TIME Even if I did decide to reverse split because of a new regulatory requirement or other unforeseen reason, I would first seek approval of the shareholders to increase the authorized capital, and there would be prior notice through our filings with the SEC. When we progress to the drilling stage and as the copper price rises, as it always does and will again, I believe our fortunes will rise as well, and a rollback will have seemed inconsequential.
Sounds to me he came as legally as possible as he could to saying it will happen in the future
Shareholder approval is a RED HERRING, very, very few R/S's that are proposed by are voted down.
And to those who say it doesn't matter, shame on you for misleading others, it does matter
“Question 1: Is a reverse split under consideration? I am not considering this option AT THIS TIME Even if I did decide to reverse split because of a new regulatory requirement or other unforeseen reason, I would first seek approval of the shareholders to increase the authorized capital, and there would be prior notice through our filings with the SEC. When we progress to the drilling stage and as the copper price rises, as it always does and will again, I believe our fortunes will rise as well, and a rollback will have seemed inconsequential.
Sounds to me he came as legally as possible as he could to saying it will happen in the future
Shareholder approval is a RED HERRING, very, very few R/S's that are proposed by are voted down.
And to those who say it doesn't matter, shame on you for misleading others, it does matter
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