RE: RE: AnologyThe way it reads is that they are wanting to pass a resolution for the Directors to have sole discretion to consolidate at 6 to 1 or less in the future, it also says if given the discretion to do so that they may not ever consolidate.
This could be intended for actual consolidation purposes, possible future consolidation purposes or if left not acted upon could be a clause to make the short crowd leery of taking up a short position, protection so to speak.
If you borrow/short 300,000 shares at what ever, sell them, then have the possibility of having to replace them at up to 6 times higher your sold short price you may just decide a short position is too risky as the Directors can now pull a consolidation anytime.
Food for thought as shorters sure have been damaging companies lately and some protection from them could be good, especially after a big run up !
More food for thought is 15 million would sure make a tight share structure wouldn't it ?
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All my opinion, always form your own and act accordingly