Pretty sure the 12 month period doesn't start until after they file with Nevada SOS by the 20th day after shareholder notice, which I believe is tomorrow. If so, then they have 12 months from tomorrow to initiate a reverse split. If one is not issued then the 14c expires and should they wan to reconsider one beyond the 12 month expiration they would need to file a new 14c and start the process all over again.
News 
Market Data 
Discover 
