This excerpt taken from the PRVT DEF 14A filed Nov 3, 2009.
Effectiveness of Reverse Stock Split
The reverse stock split proposal, if approved by our shareholders, would become effective upon the filing and effectiveness (the Effective Time) of a Certificate of Amendment to our Restated Articles of Incorporation with the Secretary of State of the State of Nevada. If the Amendment is not effective by December 31, 2010, the authority of the Board of Directors to effect the reverse stock split will expire. However, the exact timing of the filing and effectiveness of the amendment will be determined by our Board of Directors based on its evaluation as to when such action will be the most advantageous to our Company and our shareholders. In addition, our Board of Directors reserves the right, notwithstanding shareholder approval and without further action by the shareholders, to elect not to proceed with the reverse stock split proposal if, at any time prior to filing the Certificate of Amendment, our Board of Directors, in its sole discretion, determines that it is not in our Companys best interests and the best interests of our shareholders to proceed with the implementation of the reverse stock split proposal.