Novation Holdings Inc. (NOHO)

[CoodBMoney]

Yes you are missing something about the R/S. You keep thinking the math does not work out.
A Reverse Split only effects the current outstanding shares and can be done by a majority vote of shareholders (at the time, that was M. Gelmon).
A change of Authorized shares has to be a change in the Articles of Incorporation of the company in the state it is incorporated.

Finra could deny the reverse split but even if they were to, It should not IMO, prevent the company from proceeding with the announced plans.