Savvy Trades and Investments

[2morrowsGains]

FTK...The reverse split is mentioned in the filing...It is on page 37. Not sure where you got 1:10 from, but here is the wording...

ITEM 6: APPROVAL OF REVERSE STOCK SPLIT

Item 6 is to authorize the Company’s Board of Directors, in its sole and absolute discretion and without further stockholder approval, to effect a reverse stock split of our outstanding shares of common stock at a ratio to be determined by the Company’s Board of Directors ranging from a ratio of one to three to a ratio of one to six by amending the Amended and Restated Certificate of Incorporation of the Company at such time and date, if at all, as determined by the Board of Directors in its sole discretion, provided that all fractional shares as a result of the reverse stock split shall be automatically rounded up to the nearest whole share.
The Board of Directors believes that the proposed reverse stock split is desirable to bring the share price of the Company in line with its peers, to avoid future delisting warnings from the NYSE, and to ensure that shares will be available, if needed, for issuance of grants of equity awards, possible acquisitions of companies, products, or technologies, potential business and financial transactions, and other corporate purposes. Our Board of Directors has approved and has recommended that our stockholders approve this Item 6. If the stockholders approve this proposal, the reverse stock split will be effected only upon a determination by the Board of Directors that the reverse stock split is in the best interests of the stockholders at that time. In connection with any determination to effect the reverse stock split, the Board of Directors will set the timing for such a split and select the specific ratio from within the range of ratios set forth herein.
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116655646&type=HTML&symbol=FTK&companyName=Flotek+Industries+Inc.&formType=DEF+14A&formDescription=Other+definitive+proxy+statements&dateFiled=2022-04-29&CK=928054