Uneeqo Inc. (UNEQ)

[erpy]

Dont know yet ! FINRA approval required, were only at step 3, maybe (not sure if they even did 1 and 2)?


A reverse stock split would follow these steps:

1.Shareholders vote to reverse split the stock in order to increase share price in the hopes of attracting institutional investors who might otherwise shy away from the Company based on its sub penny stock price.
2. SEC filers will use the Form 14 at this stage.
3. Board of Directors approves a reverse stock split and authorizes management to file the appropriate documents with the State and FINRA.CEO files a Certificate of Change/Amendment (in Nevada, for instance) which details the amount of the reverse split and the proposed effective date, which is usually at least ten days hence.
4.Issuer counsel files for a new CUSIP
5.Issuer counsel files for a new Corporate Action with FINRA and provides all of the supporting shareholder and Board documentation to show approval.
6.Company announces the proposed reverse split in a news release, 8-K, etc.
7. FINRA reviews and approves the reverse stock split if all of the necessary corporate formalities have been followed.
8.DTC requires a legal opinion from outside securities counsel on the new, post-reverse-split shares.

http://otclawyers.com/tag/finra-reverse-split/