Could someone please explain? 14A Form
Vote required to authorize the BOD to effect the r/s. between now and 2014 when seen fit
Authorize an amendment to Z sixth amended and restated certificate of incorporation
a r/s in which any whole number of outstanding share between and including five
and ten would become and reclassified into one share.
Was this voted on at that meeting? or are we to receive proxy votes?
The question is which will be viewed more negatively, move to capital market or reverse split? I watched SCON do a reverse split recently and the price spiked 70% a day or two later. SCON is not a biotech so maybe it's viewed differently with the bio companies?