You already know that without a vote that's off the table. Retail own the float so that's not happening and JDR has shown no interest in such a thing. Just cover and get it over with. It'll be far less painful now than later.
707,726,338 shares outstanding you know a minimum x10 for 1 will be required. Plus, the outstanding shares authorized on NAKD is like looking for a puzzle piece.
They'll dilute the present shareholders so bad you'll hate you ever held on.