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Re: bob-barefoot post# 8354

Wednesday, 01/09/2019 4:48:16 PM

Wednesday, January 09, 2019 4:48:16 PM

Post# of 9611
Allow me to provide my opinion. The 14c was filed whereby the majority of common holders gave the Board unilateral approval to enact a reverse split if the deemed appropriate - at their sole discretion. This Carte Blanche authorization expire March 31, 2016 without the Board enacting a reverse split. It is my opinion the Board was given this approval to prevent a potential hostile takeover since it was felt that the company was undervalued and float shares were available to acquire and secure Board seats etc. Seems as if we are back to square one here. My opinions.