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Post# of 38239
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jimwalters

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jimwalters

Re: GoGoLi post# 29874

Friday, 01/29/2016 1:09:52 PM

Friday, January 29, 2016 1:09:52 PM

Post# of 38239
You don't need to be a reporting company to reverse split! Where did you come up with that???

The RS is effected at the Secretary of State. FINRA simply either approves it or not as it relates to the public markets. As long as there are no outstanding toxic convertibles on the books, FINRA will most likely approve the reverse split. The SEC is not part of this equation at all.
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