Reverse splits rarely benefit shareholders. The risks are outlined quite clearly in the Information circular, and thebiggest risk is potential drop in share price from the post-split level, which happens the vast majority of time.

The argument against it is simple. If the company has the goods as advertised, that should be enough to get the price high enough to get the senior US listing and increased institutional awareness.

Stop monkeying around with the O/S shares and get some license deals for crying out loud. For a company whose CEO is on public record saying he doesn't watch the stock price, this proposal is ridiculous.