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Yes, USMJ <u>will</u> reverse split (if FINRA approves it).

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PRmaniac Member Profile
 
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PRmaniac   Wednesday, 10/04/17 03:56:36 PM
Re: A deleted message
Post # of 75095 
Yes, USMJ will reverse split (if FINRA approves it).

and USMJ will not let investors know they have done it, because the issue will not need a vote by common shareholders, since ACI has the 51% "voting" control special preferred shares. Investors will learn about the reverse split once it comes out on the daily list and then won't be able to trade their shares again 'til their broker gets the post-split shares ready for trading (up to 1 week). But others may be able to dump their shares days before most common shareholders can trade again.....and after the share price tanks post-reverse-split.

You may have noticed that USMJ doesn't even have enough shares authorized to accommodate their toxic note conversions right now. Thus, the reverse split in the works.





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