from aemd's 8k on 9-24 announcing the sh meet:
"To approve, pursuant to Nevada Revised Statutes (“NRS”) 78.2055, a reverse stock split of our common stock at a ratio in the range of 1-for-10 to 1-for-15, with such ratio to be determined in the discretion of our Board of Directors and with such reverse stock split to be effected at such time and date as determined by our Board of Directors in its sole discretion (but in no event later than October 15, 2019) (Proposal No. 3);"
this notice gives a far narrower split ratio than kim's 1/10 to 1/40 gave and gives a far more definitive date than kim's "sometime this year"...
the oct 3rd pr states:
"This extension is conditional upon the Company completing a reverse stock split and trading at or above Nasdaq’s minimum $1.00 bid price requirement for a period of ten consecutive trading days on or before October 29, 2019. The Company is requesting stockholder approval of the reverse stock split at its Annual Meeting of Stockholders to be held on October 14, 2019 in order to meet this requirement."
this is telling everyone that the r/s HAS to become effective on 10-15..thats the notification of effective date..and that's the date it occurred..
there really shouldn't be any argument here....kim gave a wide ranging split ratio that isn't sufficient to claim prior notification..
and kim's potential effective date of "whenever I feel like it" isn't gonna work either...
the idea that kim can say he wants to do a big or small r/s within the time line of a year does not allow him to jump out of the bushes and hit everyone with a huge r/s, like RIGHT NOW!...
lol
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