That's NOT true, The "second quarter" is when the business license expires... http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=KQ8feASROYTyYf%252fuEZaeVw%253d%253d&nt7=0 After that, They can't reverse split UNLESS they pay to renew the license That's why it'll be done BEFORE 06/30/2018 Ooops