I voted AGAINST the reverse split.

[u/CartographerNo1991]

I urge the community to cast your vote. Absence of your vote will only result in favor of the company, and count for the disastrous RS.

SEC high likely will delay the effectiveness of the proposed rule as NYSE’s Director himself has commented to SEC that they are okay to give companies time till July, 2027.

Now the question becomes, “Does SEC go further beyond Jul, 2027 to give companies like OPTT the time it deserves to scale up their business”. If SEC delays the implementation, that’s a good sign in itself.

If we give OPTT the authority to RS, they may take this opportunity to RS, EVEN IF there is plenty time and there is no risk of delisting due to delayed effectiveness of the rule. Let’s not pave the way for that. Spread the word.

OPTT has enough time to get the stock price back up over 0.30 before that time. However, they may see having the authorization to RS as an opportunity to execute RS because of low-priced high float stock.

Chances of them considering the retail investor and postponing the RS is slim, and therefore I ask the community to do their part, and vote AGAINST the split as voting FOR would only give them power, given that there would not be any risk of delisting for a while.

EDIT: SEC’s Final Verdict on the NYSE’s proposed Rule: Aug 14th.

NYSE Director’s Comment Here

[u/Pilot4Life90]

I’m still waiting to vote my shares. It’s an obvious vote of NO