EXLA Resources Inc. (EXLA)

[1manband]

No, that is not correct. There is no requirement that it occur immediately after the Form 15 becomes effective. They are much more likely to wait until they have their new pump and dump plan in place. No use performing the reverse before they have all their ducks lined up. Until that time, they are likely to lay low and say nothing.

The reverse could be announced at any time. But there is little doubt that it will occur sometime in the future.

Lather, rinse, repeat.