ku40, yes they wrote comments like those in the proxy too, yet stated they established the ratio of r/s to produce a PPS post split that would give them room above $4 if the market reaction was adverse to the r/s then stated, at least, twice in the CC that post r/s they'd support the price at $4 to maintain that listing requirement though also put forth a proxy item #3 that would make the governance of the company not compliant with another listing requirement..
Or, in other words, management figuratively and literally has been out of both sides of its mouth with very contradictory statements and proposals
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