Tuesday, October 04, 2022 4:42:17 PM
“A company announcing a split usually sets an effective date of 10–30 days after the announcement. All shareholders who own the stock the trading day before the ex-date will take part in the split. The shares might take another few days to settle. Ask your broker if you have questions about how they handle splits.May 12, 2021”
Further more stated on Google’s site reply to the above:
“FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action.”
My self; I am not worried about a reverse split it would serve no purpose at this time. Neither Bishop nor the company would profit from such an action. NNRX has done nothing but make positive moves and has keep up with news since the start of this merger, a lot more than 95% of the companies on the OTC have done. My opinion is that all this fearful talk of the reverse split is way over blown. Share Count and EYO will be coming out this month, everything else is just rumors. There’s an old saying that goes something like this: “Don’t believe any rumors and only half of what you see”. I’m holding strong to my shares and expecting the best.
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