Saturday, September 26, 2020 11:49:33 AM
I for one would like to be the first to offer my congratulations for winning this argument with no one. I said from the start that Chesapeake reducing outstanding and authorized shares required two votes from shareholders. I am shocked that it seems so unfamiliar to so many investors that a company can reduce their authorized shares if they choose to. It is commonplace for a company undergoing a reverse split to take the steps necessary to reduce authorized shares at the same time they reduce outstanding. It is so common, in fact, that it barely deserve any discussion at all, unless of course, one is deliberately trying to distract from the relevant, company-specific discussion at hand.
As I said, from the start:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158521343
And further congrats...
Occam's razor: the simplest solution is most likely the right one.
Hanlon's razor: never attribute to malice that which is adequately explained by stupidity.
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