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Re: es1 post# 95586

Wednesday, 07/29/2015 11:09:13 AM

Wednesday, July 29, 2015 11:09:13 AM

Post# of 115334

I have searched for any rule about the restrictions on splits and can not find anything.



FINRA has jurisdiction over corporate actions for OTC traded stocks, including splits/reverse splits. They have most recently been very reluctant to approve multiple reverse splits in quick succession (i.e., a year or so). FINRA knows all about these toxic death spiral issues, and they will usually allow them 1 reverse, but not 2.

The odds of NBRI being able to reverse split the stock again so quickly after the last 1-200 reverse in February is slim.
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