Replies to post #59 on Stem Holdings Inc (STMH)

[shodan]

I totally agree the move is to up list.

One thing that I find interesting is that the vote is for a range of 1 for 2 (or) 1 for 10
R/S up to 1 year as of record date, but they also have verbiage stating they may decide to abandon the R/S if they determine it is no longer in the best interest of the company.

That’s quite a range ( both share and timeline) to ask shareholders to approve without knowing if they even intend to move forward with it.

J.M.O.


“To authorize a reverse stock split within a range of one (1) post-split common share for each two (2) pre-split common shares outstanding on the record date and ten (10) pre-split common shares outstanding on the record date, at any time within one (1) year of the approval of this Proposal. In this regard, the Board of Directors reserves its right to elect not to proceed, and abandon, the reverse stock split if it determines, in its sole discretion, that this proposal is no longer in the best interests of the Company’s shareholder.”