MELY is in business of selling shares and then R/S again and again.
http://www.otcmarkets.com/stock/MELY/profile Security Notes Capital Change=shs increased by 10 for 1 split Ex-date=01/29/2007. Capital Change=shs decreased by 1 for 1000 split Pay date=10/06/2009. Capital Change=shs decreased by 1 for 1000 split. Pay date=03/16/2015.
Looks like their previous R/S occurred 6 years ago. Most penny stocks R/S a lot more than that.
I'm glad I could clear that up for you.
imo
My posts are opinion only, and are not to be considered as actual investment advice.
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