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@SarwanJohn https://t.co/xFXj1TQmLv
The current proxy frames the reverse split as part of the July 23, 2026 annual meeting agenda, alongside the financing-related proposal. Beware
@SarwanJohn Active convertible note conversions (float expansion)
Total shares outstanding increased ~1,110,196 (from 5,448, 178 on 2026-04-16 to ~6,558,374 on 2026-05-29) - roughly 20% of the
float in about six weeks - most plausibly from conversion of the related-party convertible notes
@SarwanJohn Anson Investments Master Fund is a well-documented aggressive micro-cap convertible note operator. They hold $15.8M in SENIOR SECURED convertible notes (with potentially $10.5M more to come) plus warrants for 7.2M shares.