Global Developments Inc (GDVM)

[Semperfiguy]

https://www.finra.org/investors/insights/corporate-actions-public-companies-what-you-should-know

In my opinion the bolded statements sum it up.

FINRA’s Role in OTC Corporate Actions
Federal securities regulations task FINRA with processing corporate action announcement requests by companies that trade in the over-the-counter (OTC) marketplace rather than on a national securities exchange. Corporate actions reportable to FINRA generally include mergers, a dividend or other distribution of cash or securities, stock splits and name and domicile changes.

FINRA’s processing function helps to keep investors and the market informed of company corporate actions. However, FINRA is not responsible for approving or disapproving the action the company is taking. And FINRA does not review such requests for a company’s compliance with any federal, state or other regulatory requirements. The public company is responsible for making sure their business decisions comply with all applicable laws and regulations.

Corporate actions for exchange-listed companies are handled by the exchange upon which a company is listed; and information on these corporate actions is available on the websites of the relevant exchanges.

So, as I have stated previously, I believe that we are waiting on OTC to approve, not FINRA. When OTC approves and submits the required forms in completion to FINRA they will share the info on their daily list.