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Re: leverage102 post# 4870

Sunday, 06/24/2018 12:42:41 PM

Sunday, June 24, 2018 12:42:41 PM

Post# of 26533
Thats correct they must file with public notice ahead of effecting one. That clause in the preffered share agreement that people point to doesn't negate the fact that they would still have to file and make public notice that they will effect one. The comapany's last 8k states so correctly as they are a QB stock. A vote with approval and public notice and then approval by FINRA. A clause in a contract from before does not negate or eliminate what procedures they would still have to do to effect one. Can they break the rules maybe and just do one out of thin air, maybe but I doubt it. They will lose QB status if they did. Their own 8k last week clearly states that they understand a vote, public notice, and approval by FINRA are all required before effecting a split. Again, a clause in a preffered share agreement does not cancel out and negate the process that a QB stock is required to do to effect a split

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