Maccaronie
$MRMD
Reverse splits of this magnitude are historically damaging to retail shareholders, and the structure being proposed contains multiple risks that materially outweigh any stated benefits. Most importantly, the authorized share count remains unchanged, which leaves the door wide open for substantial dilution immediately following the reverse split. This is a pattern seen repeatedly in the cannabis sector, and shareholders have learned the hard way that reverse splits paired with unchanged authorized shares almost always result in rapid erosion of the value of the stock.
My shares are voting NO to this split, all shareholders should be aware and vote NO.
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