Airborne Wireless Network (ABWN)

[Sgreg]

FINRA might allow that one because they are doing 3 actions all in one. If that were to get approved then there would be a 60 day minimum wait before another company action. FINRA rule 6490. In the case of that stock the reverse split and then forward one with name change all equates to just one ticker change. They will not be allowed to do any action that changes the ticker after for 60 days. That company is still waiting approval so they have not been given the go ahead yet by FINRA. FINRA rule 6490 covers this. Once any action(s) by a company that changes the ticker there is a 60 day wait before another can happen. Reverse splits fit into that because they are ticker changes because a "D" is added to the symbol. Covered under FINRA rule 6490 concerning corporate actions which a split is.

"What documents are required for a stock split?

The company needs to complete the Issuer Company-Related Action Notification Form and submit to FINRA no later than 10 calendar days prior to the record date of the corporate action. Submissions can be set via email or fax to [phone]. Failure by an OTC Equity issuer to provide the requisite notice may constitute fraud under Section 10 of the Securities Exchange Act of 1934."

"Are there any reasons when an OTC Voluntary Symbol Change will not be granted? Or are there any time restrictions when requesting an OTC Voluntary Symbol Change request?

Yes, FINRA will not process a voluntary symbol request if the issuer has either an announced corporate action or a symbol change within the past 60 days."