Replies to post #70155 on JP 3E Holdings Inc (JPTE)

[surfkast]

The market cap is meaningless as it only shows the PPS compared to the O/S.
But the BOD does not need share holder approval.

the board of directors is expressly authorized: Unless otherwise provided for herein, by corporate law or the bylaws, if any, adopted by the stockholders, with or without shareholder approval or shareholder vote

[surfkast]

with or without shareholder approval or shareholder vote, and with or without advance notice to
the shareholders, make, alter, alter or amend the articles of
incorporation or the bylaws of the corporation, including (a)
changing the number of authorized shares; (b) initiating a forward or
a reverse split, provided that the majority of each class or series of
stock affected by such forward or reverse split entitled to vote, votes
in favor of such action, (c) changing the par value of any class or
series of stock (d) merger or (e) share exchange;