AccelPath Inc. (fka ACLP)

[Time2Surf]

From the 10-Q , this is current status...even thou it is stated, this may not be the case. I think it would be wise of them to allow the stock to gain traction by not doing a reverse split.

Consummation of the merger is subject to usual and customary closing conditions. In addition, the parties must satisfy several other closing conditions in order to complete the merger transaction. AccelPath is required to undertake a recapitalization and restructuring of its equity and debt on terms satisfactory to EIP, the parties are required to obtain necessary shareholder approvals for the proposed reverse merger as may be required under state law. Both AccelPath and EIP are required to complete audited and unaudited financial statements to allow for the filing of Form 8-K in accordance with the requirements of the Securities and Exchange Act of 1934, as amended, and SEC rules and regulations and AccelPath must be current in its Securities and Exchange Act filings. The parties expect to undertake a reverse stock split of the post merger company’s combined equity to be effective at the time of closing of the merger.