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Saturday, June 14, 2014 9:12:39 PM
Why would they do a reverse split on such a low OS?
Even at 100MIL. to would only be 20% of the AS. Most OTC/Pink Sheet companies usually reach there Authorized Share structure 500M, 1BIL + or close to it only to do a reverse stock split almost religiously over and over. This company did this, I believe only one time, in its existence....
In this scenario, I can't see a reason to do this. Any thoughts?
I know companies sometimes use a reverse split to uplist but currently its not needed here. To uplist to the QX platform as the company has previously stated. One of the requirements is a constant PPS of at least .10 for 30 days.
JMHO.
GLTA!!!!!
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