Did I read that correctly? Lets use simple numbers for clarity, assume:
100,0000,000 shares issued
100,0000,000 shares authorised but unissued
10:1 RSS
The proxy statement said that this would change to:
10,000,000 share issued
190,000,000 shares authorised but unissued
We wanted:
10,0000,000 shares issued
10,0000,000 shares authorised but unissued
but this opinion is
10,0000,000 shares issued
100,0000,000 shares authorised but unissued
Did I get that right? Does it matter?