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drugmanrx

09/16/21 8:51 AM

#101886 RE: BigE1960 #101885

Based on that scenario wouldn’t you think they would have taken that route with out raising the AS?

Do we know if the warrants are undilutable?
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QuantumTravesty

09/16/21 9:01 AM

#101887 RE: BigE1960 #101885

Yes you’re correct. Lowering the authorized is a separate action from a reverse split. Sometimes companies lower authorized in conjunction with reverses and others not. You’ve made an excellent case for an option going forward.
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Kurt_Banoffee

09/16/21 10:49 AM

#101888 RE: BigE1960 #101885

A reverse without proportionally reducing the A/S requires shareholder approval. If the A/S is proportionally reduced, I don't believe a vote is required.