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cheynew

10/21/08 6:55 PM

#43185 RE: lemmy #43183

Sounds like the PPHM annual meeting didn't go in favor of the shareholders, big surprise. According to Roy on Raging Bull, the reverse split passed but the incentive plan did not. I don't know where they got all the shares to vote in favor of the r/s. Who in their right mind would give them 300 million shares to play with when the existing shareholders will be down to 22.6 million! That is, of course, assuming a 1:10 reverse split.