Reverse stock split
$Sonnet BioTherapeutic(SONN.US$ any shareholder who's held SONN prior to July 27 will have the ability to vote on August 31st. There will be an online virtual meeting to decide on new Board Members, as well as a reverse stock split to stay in compliance with Nasdaq. If approved, shareholders will lose a large percentage of their investment. As a retail investor, Im telling the Board, "do your job! No way are you gonna steal my shares. Come up with an alternate plan to bring the stock into compliance." This is happening to AMC shareholders right now and they are suing the company.
Information on the vote comes from their recent Schedule14a form filed with the SEC. viewproxy.com/S...
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mizmo : thanks for letting the people know because definitely got to voice your message