A R/S is RARELY something a SH would vote "For". If CYTR was broke and facing bankruptcy or needed funds to generate additional revenue maybe yes. Otherwise, no. Everybody who owns CYTR shares wants to remain on NASDAQ. SH's, Tutes, SK/BOD even NASDAQ. SK knows this and knows the extension and/or further appeal(s)will keep CYTR listed on NASDAQ for the immediate future. He's just using the R/S as a ploy to get SH's to vote YES giving him back control of the company under the guise of getting delisted while complying with NASDAQ's expectations for a company facing delisting. There is no stated reason for the R/S other than the BS stated in the proxy statement and elsewhere. Feelings are that SK intends to raise the A/S and then start the dilution process again for him and his friends benefit if the R/S unexpectedly passes. I voted AGAINST and have until 10/16, 11:59pm to change it, if I want. But I don't see that happening no matter what happens between now and then. However, I suppose my vote could be BOUGHT OUT! ;p
Just my thoughts and opinions on the subject.
GLTA/CYTR!
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