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Re: .00001 Trader post# 57692

Wednesday, 12/17/2014 7:35:23 AM

Wednesday, December 17, 2014 7:35:23 AM

Post# of 132366
Yes last time LHPT reversed was on 18th of Dec which means they can apply to RS anytime after that. The Finra article about them clamping down on such things I did read, but I also posted companies from otc board which have reversed split which are on grays, have stop signs, and yield signs and are alternate reporting companies not SEC compliant. So maybe Finra will make it a little harder if LHPT was to split or change share structure, but just in Dec alone about 35 OTC plays have split, so it is still happening even with companies that are on grays, and are not with current info with OTC market board. Since LHPT is current IMO they probably would not have too much problems spliting.

And FYI on Finra site, if you look under new guidlines and rules adopted, they caution investors very much about reverse mergers and investing, and they are requiring a lot of info before they allow a company to do this and even change their name.

So for LHPT share holders or potential share holders, both the Finra rules on reverse splits and reverse merger over sight is a better thing for us, makes it a little safer, but if they would qualify for a reverse merger, it sounds like they would also pass the test to reverse split also. Its just something that could happen, it is not a for sure thing, but I look at what could happen to LHPT both con and pro. Thanks again for the link.

E-A-G-L-E-S Eagles