I saw another stock recently just changed its name and cusip...but it had a CEO ...who decided to do a reverse split in addition to address its share structure imbalance. The stock is up now. It ran from .0001 to almost $2 before Finra slapped the D on the ticker and started the name change, cusip change, and share structure process. And now instead of the price going down which is customary....the price continues to rise. Go figure...
Do you think a custodian could do a reverse split with CRGP? Wouldn't there need to be a CEO and proxy for shareholders to vote on assuming the Article of Incorporation includes it? Ohh and wouldn't CRGP need to be reinstated in a State first? Currently, its Nevada registration is revoked.
I don't think a reverse split will occur on this stock because there is no current CEO and what previous litigation (relating to the dividend) has provided details on record that a share structure imbalance does exist in CRGP.