I just received my notice of AGM for April15/09. Shareholders are being asked to vote on (see page 14) reducing the issued and paid-up capital by $20 million,without reimbursement to shareholders. The deficit account would be reduced by a like amount . The issued and paid-up capital would reduce to $7,835,259 from $27,835,259.

What does all this mean? Is it another angle to a R/S ???