I am really trying to drink less but you make it difficult... it says an application... we have been over this a 100 times since that came out. There is no such thing as an application... it was a miss print from Goyner... A reverse split is a Corporate Action and its an action that is done by the board of directors. Come on Rich, no one has ever said they are not serious about it.. I said and so have a half dozen others... they will be doing one but it wont be until they get close to when they are ready for the change of control in 2027 It will be done if they are not at the PPS requirement for a move up. You are the only person who is pushing this Oscar is going to do it soon... he is not and he can not ONLY THE BOARD CAN AUTHORIZE IT AND THEY WILL THEN ANNOUNCE IT....
AI:
Process for an OTC Reverse Split Board and Shareholder Approval:The company's board of directors must first approve the proposed reverse split ratio and plan. Generally, state corporate law and the company's own articles of incorporation and bylaws determine if shareholder approval is also required, which is often the case.
We shareholders were not involved because the majority of the shares are held by insiders or management so it was a foregone conclusion
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