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Re: None

Thursday, 07/21/2016 1:46:33 PM

Thursday, July 21, 2016 1:46:33 PM

Post# of 233052
Everyone needs to write IR and plead their case concerning the r/s uplisting.

I am going to vote no on the r/s extension and no on the a/s increase.

If they perform the split now, say at 4 to 1, they are effectively multiplying the existing a/s by 4 because the a/s is not split in a r/s. So the share price would be multiplied by 4, the outstanding shares would be divided by 4 and the authorized share count would stay the same. In a 4 to 1 reverse split that would give them approximately $240mil in offering power at the current market cap. So there is no need to increase the a/s at this time if we perform the reverse split now.
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