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Re: TheHungryHippo post# 10708

Wednesday, 07/20/2016 6:11:49 PM

Wednesday, July 20, 2016 6:11:49 PM

Post# of 33026
To get reverse split:

Here's an example of another QB stock,
it needs to get approval from FINRA,
shareholder vote.

Which would take a while:

On May 4, 2016, ***. (the “Company”) determined that it had insufficient shares of Common Stock authorized to allow for the exercise of warrants or stock options, or allow the conversion of preferred stock. The Company is seeking the necessary approval from the Financial Industry Regulatory Authority (“FINRA”) to implement a reverse stock split that has previously been approved by the Company’s board of directors and stockholders. In the event that FINRA approves the reverse stock split and the split is effected, the Company would have sufficient authorized shares of Common Stock to meet its obligations pursuant to its outstanding warrants, preferred stock and stock options.

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