Do you believe co if they put proposal in doc they already know they have the votes for a yes? If so, won't that trigger people taking a tax loss they have thought was coming for years, longtime shareholders? I don't understand why companies do an RS, since it's the kiss of death in penny stocks. So, people have some thinking to do prior to June 22nd...
Reverse stock split proposal: Amend the Company’s Certificate of Incorporation (as amended by the Series D and D-1 Certificates of Designation) to effect a reverse stock split of the Company’s common stock, Series D Convertible Preferred Stock, and Series D-1 Convertible Preferred Stock at a ratio of between 1-for-10 and 1-for-50, and to make corresponding amendments to the Series D and D-1 Certificates of Designation to provide for the proportional adjustment of certain terms upon a reverse stock split, and
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