RE:RE:RE:RE:1:5 to 1:10 reverse stock split proposedThe option to sue was discussed among a number of us privately several years ago but not acted upon for fear of damaging the share price and losing all of our money. At this point in time, management's malfeasance can no longer be ignored. It's bad enough that they did everything in their power, despite our adamant protests (and there is plenty of evidence), to dilute the stock. But to reverse spilt to the detriment of their shareholders, and then on top of that to grant themselves the authority (without shareholder authorization) to grant 10's of millions of options is completely unwarranted due to their failure to perform in a fiduciary responsible manner for all of these years. If both proposals pass, we have no guarantees, no oversight, no transparency and no rules in place to prevent management to continue to destroy the company and us along with it while they obtain nice salaries. As I've said many times before: past is prologue with these people. They've done it again. I had hoped the removal of criminals McKinnon and Schler would have precluded this. I was wrong.
Vote against the proposals. But either way it's time to make a decision: sell or sue.
Contact me if you're interested in moving forward.