If I recall correctly don't they have a number of convertible preferred shares, they may have needed to increase the a/s, in order cover for these...??
However, a r/s was not necessary, newer issue, higher insider ownership %, small float, and very small number of shares held at DTC, perhaps someone came to their senses and decided not to do it, these tend to be pretty safe from r/s typically so I was surprised to see it even being considered.
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