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Re: cardmaster114 post# 1782

Thursday, 01/16/2020 12:00:11 PM

Thursday, January 16, 2020 12:00:11 PM

Post# of 2833
Note: This r/s is a precaution only, it appears. Do you concur?


https://ir.actiniumpharma.com/all-sec-filings#document-3016-0001213900-19-024628

To ensure that we are able to maintain compliance with the listing standards of the NYSE AMERICAN exchange we are seeking authorization for the Board of Directors, subject to their discretion, to effect a reverse stock split or alternately abandon such action depending on the stock price. The NYSE AMERICAN listing standards require that an issuers stock not fall below $0.20 on a 30-day average and include an automatic delisting, which would occur immediately if such stock trades at or below $0.06 at any time. While our stock is not at these levels, to prevent such an occurrence, we seek approval to amend our certificate of incorporation for our Board of Directors to be authorized to effect a reverse stock split at a ratio not greater than 1-for-75 at its discretion.


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