Replies to post #578 on Ohr Pharmaceutical, Inc. (OHRP)

[Chimer57]

I received the proxy yesterday to vote on the R/S so I think they have to, if the stock some how makes it to a buck a share then they wouldn't have to. But that's a long way to go.

[Chimer57]

I've been stung with 5 R/S so far in the last few years only to have lost most of the shares in those stocks.
Then to watch them tank back down to below the price before the R/S. Sure would be nice to see them cancel it, I've never seen a company announce a R/S and then announce a merger a few weeks later.

[nupapa]

Annual Report out - note about RS:
The Company has filed a definitive proxy statement in connection with special meeting of stockholders to be held on January 18, 2019, at which the Company’s stockholders will vote to approve an amendment to the Company’s certificate of incorporation to effect a reverse stock split of the Company’s common stock at a split ratio of not less than one-for-three and not more than one-for-twenty, to be effective, if at all, at such time as the Company’s Board of Directors shall determine in its sole discretion. We cannot provide any assurances that the stockholders will approve the reverse stock split at the special meeting.

So the shareholders could deny it, in light of the announced merger. Nothing so far has been canceled.