$SNPW> The 14C gives the Board an R/S OPTION. Once effective it will give the Board the option to effectuate a reverse split at any time at its discretion. So the Board could choose to effectuate a reverse split, or choose not to.
No, the 14C does not schedule an R/S for 11/12/2023. The 14C gives the Board an R/S OPTION which becomes effective on that date. Once effective it will give the Board the option to effectuate a reverse split at any time at its discretion. So the Board could choose to effectuate a reverse split, or choose not to. The Board has given itself this option several times in the past, but as we know, that has never led to a reverse split actually being effectuated by SNPW.
On page 2 the 14C refers to the "Corporate Actions" that the Board approved on October 13th, 2023:
Note the use of the word "Option".
Then on page 3 it says that the "Corporate Actions" (not the reverse spit) will become effective 20 calendar days after the 10/13/2023 filing:
So this filing doesn't say that a reverse split will become effective on November 12. It says that starting on that date the Board will have the option to effectuate a reverse split.
As we know, the Board has given itself similar options in the past several times without ever actually effectuating a reverse split.