Our shares will go thru a major Reverse Split (1-7 was taken out of proxy) and seems like the common stock on the shelf and PPHMP will not go thru the RS.
They didn't take the 1-7 out of the proxy. One of the forms goes to the shareholders and the other goes to the SEC. What they advertise to shareholders is what they are bound to. They don't need to include the advertising with the SEC filing. How do I know for sure? Note that the dates of the filings are exactly the same. PPHM would otherwise need to show that one of the filings happened after the other and that it the second one clearly noted that there was a material change to the document. There is no such notice. If they did an RS of greater than 1-7, you would have grounds for a class action suit that would block the rs altogether and/or award monetary damages.
My opinion is that there will be no RS. Just an opinion. If they get the vote (which they will - with or without the members of Ihub) they would still need to decide that they want to RS. Then they would announce a RS date. At that point, I would be out of the stock. I don't plan on being out of PPHM any time soon.
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