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JerichoJackson

10/09/13 3:59 PM

#5543 RE: peterus #5542

The original filing only says that they reserve the right to do the reverse split, so technically it's not guaranteed to happen at all.
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JerichoJackson

10/09/13 4:01 PM

#5544 RE: peterus #5542

"Our Board is proposing that our stockholders approve a proposal to authorize our Board to effect a reverse stock split of all outstanding shares of our common stock at any ratio at its discretion, from 1-for-10 to 1-for-20 and to grant the Board discretionary authority, within twelve months from the date of the Special Meeting, to determine whether to effect the split and the exact whole number ratio within the range at which the split will be effected. "

Could be anytime in the next 12 months. Or not...