N B, I basically agree. I want to see the audited financials BEFORE I vote for any reverse split. And I dang sure am not going to vote for any degradation of governance nor the proposal to allow a majority of votes cast to drastically change the corporate structure, not now, not later, not ever.
Ah, if life were only so easy..I agree with your take on the "best deal", BUT this is the "best deal" we "naysayers" are GOING TO GET...They would have figured out a way to get all their crap passed and we still would be on the Pinks, no audited financials, no nothing. BTW... NO on all the other amendments...
I am in a total agreement with NB here. The management really screwed up big time and blew a lot of cash sending the PPS spiraling down without accomplishing a damn thing. They should have reiterated the uplisting intention from the get-go in the CC and stated that at a given time in the future. Do the accounting audit while continue to the build the business. Let the PPS rise and at a given point after the audit and the timing is right, do another CC and announce a solid intention to go Nasdaq. Propose to proceed quickly with a say 1/20 R/S and ask the shareholders to support the uplisting.
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