I will repeat what my thoughts have been for some time now. I think we can all agree that something has to be done at some point. When it will happen I am not sure because the bulk of the Socius shares registerd have not been issued and while Socius is certainly aware of situation any amendment or deal could be arranged between the two. Socius contract does state 90 days to correct authorized but how set in stone that is remain to be seen. If a Proxy were to come forward sooner than later I can envision the following proposals as it covers most options ACT would have.
1)Ask for increase in stock option plan shares 2)Increase authorized shares(what number I don't know) 3)ask for approval of revere stock split, with a range, that is good for a certain amount of time to implement)
The above would enable ACT to increase shares and stay OTC, or possibly enact the reverse to meet listing requirements for big board exchange at some time if this scenario presents itself...All IMO..
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