Integrated Cannabis Solutions Inc (IGPK)

[delerious1]

I think you are wrong but not sure....you say" They can do a R/S whenever they want, without a shareholder vote since it's the OTC. "

I think a reverse split is a corporate action and if so they must fulfill certain obligations to do so

"Rule 6490 requires that corporations whose securities are trading on the OTC Markets notify FINRA in a timely manner of certain corporate actions, such as dividends, forward or reverse splits, rights or subscription offerings, symbol changes and name changes."

"In some cases, FINRA may deny an issuer’s request for a corporate change. Generally, a request may be denied in any of the following circumstances:

The issuer is not current in its reporting.
Parties related to the action are the subject of pending, adjudicated, or settled regulatory action or investigation or criminal or civil action related to fraud or securities law.
The settlement and clearance process holds significant uncertainty.
FINRA believes forms and information submitted are incomplete, inaccurate, or lack proper authority.
A government authority has indicated persons related to the action may be involved in fraudulent activity."


Pretty vague
"Like any regulatory body, FINRA retains broad discretion regarding both the paperwork required from companies and the standards for each document. Generally, however, FINRA requires:

a file-stamped copy of the articles of incorporation;

a file-stamped copy of any merger articles;

an executed and notarized resolutions appointing both current and former officers and directors;

a Transfer Agent Verification form from any issuers to the applicable agents;

a legal opinion stating the corporate action taken complies with state law;

a notarized shareholder consent to the action taken;

a cover letter providing:

the complete corporate history of the issuer, and

all material facts of the action requested, including all changes that have occurred from the original date of incorporation to present; and

if relevant, a written confirmation from the issuer’s securities attorney that an amendment to the articles of incorporation is not required (citing the applicable law)."