One thing we have to remember....even if the R/S is approved, there is no requirement that it be done. Just because a R/S is available doesn't mean that it's going to happen. CERP management have played this game rather masterfully, not complately sinking the PPS even with all the dilution, strategic press realeases...I'll say it again...I think there's more here than meets the eye.
From the DEF 14A:
To approve an amendment to the articles of incorporation of the Company to effect a reverse stock split of the Company’s common stock, at a ratio of not less than one-for-two and not greater than one-for-fifty, with the exact ratio to be set within such range in the discretion of the Board of Directors without further approval or authorization of the Company’s shareholders,provided that the Board of Directors determines to effect the reverse stock split and such amendment is filed with the Secretary of State of Nevada no later than one year from the date of the Special Meeting
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