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Alias Born | 02/09/2010 |
Wednesday, February 23, 2022 10:38:45 AM
"Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws generally govern the company’s ability to declare a reverse stock split and whether shareholder approval is required."
Source: https://www.investor.gov/introduction-investing/investing-basics/glossary/reverse-stock-splits
Also note that SPOI is a NON-REPORTING company at this time. In other words they don't have to file 8k's, 10k's, etc for compliance.
Disclaimer: My posts are of my own opinion based on fundamentals and/or technicals on the chart. They should be considered for informational purposes only.
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