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Re: Jronpar post# 62470

Monday, 04/10/2023 11:49:32 PM

Monday, April 10, 2023 11:49:32 PM

Post# of 75462
I believe we have until May 6th 2023 for the 12 month period. Then after that who knows what will happen. My understanding is that the ratio set forward goes away and back to square one. Am I wrong in that assumption?
The Board of Directors approved a resolution to effectuate a reverse stock split of the Common Stock at a ratio within the range of 100:1 through 150:1, inclusive, with such ratio to be determined within such stated range at the sole discretion of the Board within 12 months from the date of the filing of a Definitive Information Statement on Schedule 14c. The Board believes that a reverse stock split will help prepare the Company to meet the listing requirements of NASDAQ, NYSE, or similar exchange.
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