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Re: Testpilot post# 43548

Thursday, 08/22/2024 9:36:02 AM

Thursday, August 22, 2024 9:36:02 AM

Post# of 44019
The new board has to decide to do a R/S and we havnt seen any filings yet that we are closed but that may come out today . In the event of a R/S they have to file and give us 10 or 12 days notice of that decision with a ratio. No filings that i can see of a R/S with a ratio. The certificate of designation. is not decision of the new board to R/S also they would have to determine the ratio with that decision when they alert shareholers of a R/S . They dont even know where the stock price will trade at therefore no decision would be made until they see the stock price of the new company over time . At the discretion of the company they will decide if they want to take Corporate actions their choice after close after evaluation of the stock price to see in time after the company is given time to operate to see what the market responds is to this new company . They would never make that decision before the close before the stock even trades over the next few months as revenue and partnerships expand which may have a big impact on the stock price would would totally effect R/S decisions
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