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Reverse Splits seldom work in shareholder’s favor.

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waterchaser Member Level  Sunday, 03/17/19 04:40:29 PM
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Reverse Splits seldom work in shareholder’s favor.

Quote:
Proposal 2 to approve an amendment to the eighth amended and restated certificate of incorporation of Edge to effect a reverse stock split of Edge’s common stock, at a ratio in the range of 5-for-1 and 25-for-1, with such specific ratio to be mutually agreed upon by Edge and PDS or, if Proposal 1 is not approved by Edge’s stockholders, determined solely by Edge’s board of directors following the Special Meeting was passed, with voting results as follows:



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