Correct, according to the Pre 14C:
The following action was approved by the written consent of the Majority Stockholders in lieu of a special meeting:
approval of a Articles of Amendment (the “Articles of Amendment”) to our Articles of Incorporation effecting, at the discretion of our Board of Directors (the “Board”), a reverse stock split of the Common Stock at a reverse stock split ratio in the range of between 1-for-10 and 1-for-100 (the “Reverse Stock Split”), which specific ratio will be determined by our Board at its sole discretion prior to the filing the Articles of Amendment, with a corresponding pro-rata decrease of the authorized number of shares of our Common Stock.
GLTA! BYOC