Eco Building Products Inc. (fka ECOB)

[Ed the Trader]

"BS it was traded through AMTD. So it can be done. at least anyone that wants a new position. Some broker dealers have it restricted but not all."

In many instances, traders are allowed to buy into NEW positions during a reverse split freeze, but traders are not allowed to sell EXISTING positions.

For a buy, the market maker will cover the transaction and get the shares to the broker later.

For a sell, the broker will not free the shares from an existing position because they have no way to confirm the final split ratio until they receive the new stock certificates.

Just for the record, if corporations wanted to get a split finalized faster, they could. If they wanted to freeze ALL trading of the stock until all traders had a chance to access their shares, they could.

In 2013, metroPCS and T-Mobile merged and part of that merger involved a 1:2 reverse split. To guarantee that everything was fair, at the end of one trading day, all shares were frozen and they stayed frozen for the next trading day while all shares were corrected for the split. On the start of the following day, ALL shares were available to all traders for trading. So, such fair splits are possible.