Naked Brand Group, Inc. (NAKD)

[JOHNNIEBG]

There doesn't have to be a vote for a reverse split.. It is up to the company if they choose to do it that way. It can also be a decision of the board of directors without a shareholder vote. So it is not a lie and until your buddy Justin does something to change this, the chance of a reverse split are still there....

ONLINE INFO:

What is required should an issuer choose to do a reverse stock split?

Generally, a public company can declare a reverse split if it obtains the approval of its board of directors. Most often shareholder approval is not required.