Correct Baba.
After formal business, Suresh simply reiterated a few points (others please add/correct if I missed or misheard something):
- Final consolidation ratio is at the Board's discretion
- Today's approval does not mean a consolidation is mandatory, just possible.
- Consolidation will only be done when the time is right, both internally and externally (i.e. my read: not imminent)
- Cash in bank a positive for the company (my read: flexibility...?)
- Even after Nasdaq listing, will maintain a listing on TSX-V with possibility of moving to TSX at some time.