Reverse split and US listing Last 3-4 years or more, at AGM time they had always asked to vote for allowing management to do a reverse and US listing.. The motion always passed except for last year when it was voted down..
So this year, they will probably ask again.. If there is a milestone of Baxter doing a 2nd payment as well as with new trial sites, if the enrollment picks up and if share price continues to gain, then they may have a good enough catalysts to do it..
My only problem with the motion was the open ended nature of 1 for 10 or 1 for 20 or 1 for xx etc. I like to see my reverse in a bit more precise terms but I guess we will see..
FWIW