Absence of your vote will count towards RS. No delisting until July 2027. So, go vote AGAINST RS now, and that will buy us sometime till Jun 2027. Authorizing RS now is too early and the management would misuse that to RS immediately to dilute further. Vote AGAINST RS.
Quick warning on OPTT proxy votes: Silence is a vote FOR RS, and please don’t do that now!!!
SEC’s delay in implementation of the rule is a great news, yes! But that stays in our favor only as long as we vote AGAINST the split. Giving OPTT management to authorize RS on Sep 10 is a threat to all the retail shareholders like us, never knowing when the company would announce the RS news and the ratio they would go with. Going FOR the RS now is too early, given SEC’s delay in implementation.
A lot of people think that if they just ignore the voting emails, it won't hurt or will count against the reverse split. That is a trap.
Because a reverse split is classified as a "routine matter," brokers (like Robinhood, IBKR, Trading 212, etc.) can legally vote your uninstructed shares for you if you don't take action. And guess what they almost always do? They vote right along with the board's recommendation (FOR the split).
Since retail owns the vast majority of this stock, when people don't pay attention or just ignore it, it plays right into management's hands. If you want to actually buy us time until July 2027 and stop an early split, you can't just sit on your hands. You have to log in and actively vote AGAINST.
Wake up, open your brokerage emails, and take action before the deadline.
If you care about this stock and want to protect your investment, buy the company time to grow organically and stop an early RS. Share this info and help spread the word to other holders before the September 10 deadline— retail has the numbers, but only if people actually vote.