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Monday, 06/12/2023 4:24:12 PM

Monday, June 12, 2023 4:24:12 PM

Post# of 1374
They reverse split the stock on June 9th, in order to maintain share price compliance with NYSE AM. On June 6th they received a notice they were also out of compliance with shareholder equity and 5 straight years of net losses.

I don't see how they can square the new compliance issues with NYSE. It looks like they hurt shareholders with RS, only to eventually end up on the OTC anyway.

Could they have cancelled the split knowing this before the 9th, or were they bound to the split?
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