InvestorsHub Logo
Followers 21
Posts 526
Boards Moderated 0
Alias Born 02/04/2013

Re: abcd12 post# 30383

Monday, 02/12/2018 12:03:18 PM

Monday, February 12, 2018 12:03:18 PM

Post# of 46506
You are making the assumption that a proxy would be approved by 50% of Worlds shareholders. If approval was not given then the reverse split option is gone as a proxy filing overrides all prior shareholder approvals. That could possibly put Worlds in a box with no additional shares to issue and no authority to implement a RS.
Then Worlds would be in default to the Warrant holders and a law suit would occur, not a smart option.