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Wednesday, June 08, 2022 9:08:04 AM
The Company, on March 31st, with the support of a majority of its shareholders, filed with FINRA for approval of a Reverse Split of its issued and outstanding common stock at a rate of 500:1 with an approximate effective date the first week of May upon final FINRA approval. For additional information, please see the Company’s Form 8K filing:
Until something public states a cancelation of the split, I would think it is still on.
Day traders rely on the 14C filing and don't receive a letter like real company investors do.
FINRA can delay announcements of company actions if they have other questions or concerns (I have seen this before in other stocks). This doesn't necessarily mean the company screwed up the paperwork.
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