re MKTY: when's the last time you saw a $9 stock looking for shareholder approval for a reverse split?
This is from today preliminary proxy:
2.
to approve an amendment (the "Amendment") to the Company's Articles (Certificate) of Incorporation to effect, in the discretion of the board of directors of the Company (the "Board of Directors" or the "Board"), a reverse stock split of the Company's common stock, par value $0.01 per share ("Common Stock"), at any time prior to the 2022 annual meeting of shareholders at a reverse split ratio in the range of between 1-for-2 and 1-for-10, which specific ratio will be determined by our Board (the "Reverse Stock Split"). The Amendment will not be implemented and the Reverse Stock Split will not occur unless the Board determines that the Reverse Stock Split is necessary to satisfy the initial or continued listing standards or requirements of The Nasdaq Capital Market or another national securities exchange and it is in the best interests of the Company and its shareholders to implement the Reverse Stock Split; and
The moment a person forms a theory his imagination sees in every object only the traits which favor that theory. Thomas Jefferson
