Verb Technology Company Inc (VERB)

[TenKay]

That is correct but the affect is usually the opposite. Why? Because it is generally used as an opportunity for insiders or note holders to sell WITHOUT retail competition. They can do this because the new stock is DWAC’d directly to their accounts by the TA...a luxury retail has no access to.

Anyone who has been through an OTC reverse split and sees massive selling out of the gate when the RS is implemented knows this first hand. All one needs to do is read the board of the stock and look at the number of complaints by folks trying to sell but can’t...while they watch the sell volume pile up.

A lot of penny stocks try the “new CUSIP” routine for precisely this purpose and Global Services just turns them down in the absence of a qualifying corporate action.