ML Capital Group Inc. (MLCG)

[PRmaniac]

Yes, reverse split confirmed, but it can take 8-10 days for it to show up on the daily list and actually split,(trapping investors until brokerage houses allow trading again after the split).

FINRA still has to approve it, and will check for any SEC investigations or other issues, but will likely allow the R/S.

Last one was 1:4,000 in 2015, I think. Stock tanked immediately because those sellers that got their shares to be tradable after the R/S were dumping as fast as possible before most retail investors could get their post-split shares tradable.

With MLCG being flat broke and with questions surrounding their record sales and $1 million revenue projection in 2017 (they reported $0 revenue/sales instead), this may be the stock to avoid in 2018.