The Virgin Islands Proposal to Amend Articles of Incorporation aims to implement a reverse stock split of common stock and authorize a share dividend on common stock. This strategic move aims to optimize the company's capital structure and enhance the overall value for shareholders. By incorporating relevant keywords, we can delve deeper into the essence and potential types of this proposal: 1. Reverse Stock Split: A reverse stock split is a corporate action that reduces the number of outstanding shares by combining multiple shares into one. This consolidation helps to increase the stock price per share, making it more attractive to investors. The Virgin Islands Proposal aims to execute such a reverse stock split for the company's common stock. 2. Amend Articles of Incorporation: An amendment to a company's articles of incorporation is a legal procedure to modify certain provisions or introduce new provisions. In this case, the Virgin Islands Proposal includes amending the articles of incorporation to effect the reverse stock split and authorize a share dividend on common stock. 3. Share Dividend: A share dividend, also known as a stock dividend, is a distribution of additional shares to existing shareholders, proportional to their current holdings. This type of dividend rewards shareholders and encourages long-term investment in the company. The Virgin Islands Proposal also encompasses the authorization of a share dividend as part of its strategic plan. 4. Common Stock: Common stock represents ownership in a corporation and typically offers voting rights and the possibility of dividends. By considering a reverse stock split and a share dividend on common stock, the Virgin Islands Proposal addresses the company's outstanding common stock and aims to enhance its value and attractiveness to shareholders. In summary, the Virgin Islands Proposal seeks to amend the articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend. By implementing these strategies, the company aims to optimize its capital structure, increase the stock's market value, and provide additional benefits to its common stockholders.