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Re: kenbkb post# 40288

Tuesday, 12/20/2022 1:40:35 PM

Tuesday, December 20, 2022 1:40:35 PM

Post# of 70947
Not true! That is not the rumor! There are a lot of 'ifs' built into that 14A and any attempt to predict how this plays out is a flat out misdiretion.
  • 'If' the SP doesn't make it back to $1, then...
  • 'If' the RS is not done, then...(AS will be increased from 1.75B to 5B).
  • 'If' the AS increase is not approved, then...(RS has to be done because they will need room for raising capital, yes convert debt to equity).

    if Proposal No. 2 is not approved at the Special Meeting, then the Board of Directors may effectuate the Reverse Stock Split at any time, and at such, time and date, if at all, as determined by the Board of Directors in its sole discretion,

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