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22na22

02/12/18 9:50 AM

#30369 RE: abcd12 #30367

I thought about that as well - it seemed like a R/S was the plan from the beginning rather than continuing authorizing and issuing shares in the pennies.

Looks like Kidrin wants the composition more similar to MRMD.
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DataStream

02/12/18 10:52 AM

#30379 RE: abcd12 #30367

That statement reflects a lack of fundamental understanding of how public companies legally operate.

No CEO can convene a board meeting and authorize additional outstanding shares, that can only be done through a proxy approved by over 50% of shareholders. All done by proxy filings and approval of the SEC, a 5-6 week process and roughly $25k in costs.