Emergent Health Corp (EMGE)

[trader59]

FINRA does play a role in reverse stock splits, but FINRA doesn't control or have the final authority over these decisions.
if the board of directors and shareholders approve r/s then FINRA doesn't have an issue with it because they don't control or have the final authority over these decisions. Companies seeking to execute a reverse stock split must follow certain regulatory procedures, including obtaining approval from their board of directors and, in most cases, obtaining shareholder approval.
Let me make it clear: in this case, they adhere to the rules and regulations. Therefore, please don't mislead or distort things. It's as clear as daylight that decisions are determined by the board of directors, not by FINRA.

Here's a tip on how to conduct due diligence: pay close attention to what you read and ensure you comprehend the information stated below.

Tell me what page 30 says about the RS already approved by the board?

https://www.otcmarkets.com/otcapi/company/financial-report/389219/content