Great Tang Bid Technology Inc (fka GTBT)

[Anticipating]

What logical reason would new management have to reverse split such a low share structure?

Share Structure

Market Cap Market Cap
1,327,650
10/18/2021

Authorized Shares
350,000,000
07/29/2011

Outstanding Shares
237,080,429
07/20/2021

Float
74,029,233
11/12/2012

Par Value
0.001
https://www.otcmarkets.com/stock/ESPIQ/security


Item 8.01 Other Events.

On August 31, 2021, the Board approved a reverse 1-for-1,000 split of the Company’s common stock (the “Reverse Split”). On September 2, 2021, the stockholders of the Company approved the Reverse Split by written consent of 90% of the voting power of all classes of stock issued and outstanding of the Company. Fractional shares that result from the Result Split will be rounded up to the nearest whole, and the record date for the Reverse Split is September 25, 2021. The Company anticipates that the Reverse Split will be effective approximately 15 days following completion of review by the Financial Industry Regulatory Authority (FINRA)

https://www.otcmarkets.com/filing/conv_pdf?id=15220126&guid=-yZwk6vxVL7fJth