I have confirmed that BLDV is in good standing with FINRA. Josh Alper had a good conversation with FINRA and cleared all obstacles and answered all questions to FINRA’s liking.
You know I'm a cynic. In what way is having a "conversation" with FINRA confirmation of anything? I have news: the regulators ask questions. They don't comment, or tell you what they're thinking.
If BLDV wanted to pursue with a reverse split right now, they could do such. They don’t and won’t as they have stated because they realize that they don’t need to do one because of the lack of liquidity that would exist based on the growth that they believe they will be bringing into the company.
It could? Are you sure about that? After all, you did say the split was denied. And it makes good sense that it would be. And once again, the "liquidity" argument really doesn't cut it. BLDV only wanted to do a 1:10 split. That would have dropped the o/s and float to somewhat more reasonable levels, AND would have raised the stock price by the same proportion.
The current float is, as far as I'm able to tell, 2.4 billion shares. That does not include the TJM stock. As the float of a company with a little less than $13,000 in cash and cash equivalents, it's absurdly high. Do you imagine BLDV will never have to issue more stock?
I believe they will need to do that. Every penny stock does.
AI
Market Data 
Markets 
