I certainly agree with your feelings towards management.
But the R/S was authorized:
"As additional compensation for serving as Chairman of Media, the Company shall issue you a total of four million (4,000,000) shares of its common stock (the "Shares"), subject to adjustment in the event of any forward or reverse stock split, including without limitation the reverse stock split to be acted on by the Company's stockholders at a meeting scheduled for January 25, 2007."
hihowizard I imagine that got voted on and approved and I think I posted a note here from an SEC filing when it did, but it was a near certainty it was coming.
I find it AMAZING and near CRIMINAL to have done it without any PR notification, that AND the symbol change.
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