Legal Question in Securities Law in Georgia
Is it legal for a company to performa a reverse stock option, reducing the number of shares a stockholder has, without informing the stockholder first?
Asked on 2/02/13, 9:08 am
1 Answer from Attorneys
Phillip M. Cook
Cook Legal Services, LLC
It depends. Is the company public or private? Is there an operating agreement in place? What does the subscription agreement say? Would need more info to answer your question. Please repost with more details of the situation. Best regards.
Answered on 2/02/13, 9:13 am
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