"...started as a cash distribution and morphed into an 11 for 10 forward split. Only on the pink sheets is a forward split characterized as a dividend."
Here's a question, if a company can conduct a 10% premium in share distribution that accounts for naked short shares, and the company feels it can do a cash distribution that takes into account those same naked short shares, why can't it hold a shareholder meeting?
Didn't the BoD just meet and make a decision based on a majority of shares held by the representatives of those shares? How would that change in any way whatsoever if the officers held a shareholder meeting, a meeting where the officers and B0D represent at least 50% plus one share of all shares duly authorized and distributed by the company?
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