This needs 66% of shareholders to say yes, and even then it's not a done deal as the board reserves the right to both change the ratio and/or abandon the plan altogether
I will be voting no regardless. The company needs to get the share price up on its own merit instead of artificially inflating it through a reverse split. Geez.
"Notwithstanding approval of the proposed Consolidation by shareholders, the Board, in its sole discretion, may revoke the special resolution and abandon the Consolidation without further approval or action by or prior notice to shareholders. The Board has not yet determined whether it will in fact complete the Consolidation or, if there is a Consolidation, that the ratio will be in the maximum amount for with authorization requested. "
