Jun. 25 at 8:19 PM
$ATOS Here is a glimpse to how the stock got to this point. [btw, not the floor] Besides all the failed attempts and the fact that quay be scamming people for nearly 2 decades.
if you are invested here or you are thinking about it, read on.
1- The Move (April 26, 2023): The Board took unilateral action, amending the bylaws without shareholder approval to drop the meeting quorum from a standard majority to the absolute legal minimum.
2 - The Loophole: Delaware law allows a floor of one-third (33.3%). Because Atossa's governing documents give the board the power to change bylaws behind closed doors, they simply convened and voted among themselves.
3 - The Result: They can now legally force through binding corporate actions, massive dilution, and reverse splits even if 66% of outstanding shares remain completely silent.
Scammy quay re-wrote the rules so your retail vote doesn't matter.
