RS 1:20
"To approve an amendment to our Certificate of Amendment of Certificate of Incorporation to effect a reverse stock split of our common stock at a ratio in the range of 1:20 to 1:30, such ratio to be determined in the discretion of our board of directors."
that would be 0.18*20=$3.6 per share right after RS.
and it will probably go down to 1.5-2 range in a week. that equals to about $0.1 or less per share today (another ~50% drop would be likely).
This stock and its management is really in a shit hole now... DRYS 2nd! they are ruining a lot of people's life who trusted them. Yet, they are still asking for:
"To approve our 2013 Amended and Restated Equity Incentive Plan, as amended"
do these people have any 'facial skin' left on their face?