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Re: Rascal1 post# 91740

Monday, 07/22/2019 2:42:58 PM

Monday, July 22, 2019 2:42:58 PM

Post# of 107737
That's still not how it works.

July 5th is when MYDX made the decision to authorize a reverse split.

Read this passage from the PRE 14C filing:

Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the Corporate Actions cannot become effective until twenty (20) days after the date this Information Statement is mailed to the Company’s stockholders. We anticipate that the amendment will become effective on or after August [?], 2018.


(the symbol at the very end is exactly what was on that document).

Read this part of the quote again....the Corporate Actions cannot become effective until twenty (20) days after the date this Information Statement is mailed to the Company’s stockholders.

The DEF 14C spells out when the notice was mailed out and when the clock started.

This Information Statement will be mailed on or after July 23, 2018, to those persons who were stockholders of the Company as of the close of business on July 2, 2018 (the “ Record Date ”). If the Board elects to implement the Reverse Split, which the Board may choose not to do at its discretion, the Reverse Split will become effective following the approval of the Financial Industry Regulatory Authority and the filing of an amendment to the Articles of Incorporation with the Secretary of State of the State of Nevada. The Plan will become effective on or after August 13, 2018 (twenty (20) calendar days after the mailing of this Information Statement). The Company will pay all costs associated with the distribution of this Information Statement, including the costs of printing and mailing.



Thus, the reverse split clock started on or after August 13, 2018. Since there is no specific date mentioned in the DEF 14C filing, the assumption is that August 13, 2018 is the state is started. The company has not provided any guidance in any filings (10-Qs to 10-K) on the exact effective date. From the DEF 14C document, the earliest is August 13, 2018.

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