Juda, I have not seen any proxy filing. Maybe you can post it? I think the focus is on the merger that must be nearing completion I would think. Thanks.
Yes your position will be diminished. At the same time they are increasing the AS and adding an additional 20 million of blank check shares. You will own 10% of what you now hold.... assuming you own more than 500 shares.
The Reverse is to knock out small shareholders before raising the positions of insiders and larger shareholders.