lol no laws needed? No rules violated? Zacks is just opinion and has never been tested? The letter writing campaign is to break new ground, set legal precedence? And how about these reverse splits that did not change authorized proportional with split. Some companies adjust proportionally, some adjust partially, some don't adjust at all, some adjust common authorized but not preferred authorized, some add authorized shares and then adjust proportionally. LXRX NETE DSCO CVO OCLS ACCI now Q
The list can go on and on. It is clearly up to the company and not an illegal activity.
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