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Tuesday, 03/05/2024 12:53:49 PM

Tuesday, March 05, 2024 12:53:49 PM

Post# of 6606
On 2/26/2024 I voted NO on the MMMW proposed reverse stock split. Why RS when the AS and float are supposedly so low already? Makes no sense to me.

The reply due date for the RS proxy is 3/25/2024 so I suppose we don't find out if this was approved by shareholders until April or shortly thereafter.

To amend our Restated Certificate of Incorporation, as amended, to effect a reverse stock split of our Common Stock at a reverse stock split ratio ranging from 1:2 to 1:100, and to authorize the Company's board of directors to determine the timing of the amendment at its discretion at any time, if at all, but in any case prior to the one-year anniversary of the date on which the Reverse Stock Split is approved by the Company's stockholders at the Special Meeting and the specific ratio of the reverse stock split (the "Reverse Stock Split Proposal").

If anyone has any insights into this proposal, please share your thoughts.
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