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Monday, January 21, 2019 8:37:42 PM
This has been PR'd!!! Are we going to believe a tweet or a PR?
Where in the 14C does it say "for up listing only"?
Approval of the proposal would permit (but not require) our Board of Directors to effect one or more reverse stock "splits" of our issued and outstanding Common Stock by a ratio of not less than one-for-two and not more than one-for-four hundred, with the exact ratio to be set at a number within this range as determined by our Board of Directors in its sole discretion, provided that the Board of Directors determines to effect the Reverse Stock Split and such amendment is filed with the appropriate authorities in the State of Delaware no later than one year after the Record Date. The Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds one-for-four hundred. We believe that enabling our Board of Directors to set the ratio within the stated range will provide us with the flexibility to implement the Reverse Stock Split in a manner designed to maximize the anticipated benefits for our stockholders. In determining a ratio, if any, our Board of Directors may consider, among other things, factors such as:
The Reverse Stock Split would become effective upon the filing or such later time as specified in the filing (the “Effective Time”) of a Certificate of Amendment to our Certificate of Incorporation with the Delaware Secretary of State.
They can do the RS at any time this is filed! If any pays attention,.... They used the word "SPLITS". THAT IS PLURAL!!!
VRUS
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