This is a ploy to scare people into selling. Its a real filing, however...It cant and wont happen. While an RS is always a possibility, nothing is set in stone until FINRA gives a date, also a company can cancel at any time. PAOG would have to put in their OTC disclosures of any such action. There is none. PAO is not Vitallia Health or vice versa. There is no RS filed or being processed. PAO Group Inc(ACTIVE) would have to have the same filing in Wyoming, with Vitallia Health and the same wording thereof, also in quarterly and annual OTC disclosures of any name change or any corporate action. There is none.
How do companies notify their shareholders of a reverse stock split?
"Companies may issue press releases notifying the public of a reverse split. If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q and 10-K. A non-reporting company is required to notify the public through its current report filings on the OTCMarkets website.
In addition, all OTC issuers, reporting and non-reporting, that wish to do a reverse (or forward) stock split must comply with FINRA’s Rule 6490. Generally, a company must notify FINRA of its intentions at least ten (10) days prior to the desired effective date. A Corporate Action form must be filled out, and a processing fee will be charged. Normally, the issuer’s transfer agent takes care of the paperwork. Click here for a fuller explanation.
Once the request is processed, FINRA will set an ex-dividend date, and the split will be noticed on the Daily List. Issuers should avoid premature announcement of the split’s effective date; that date is only certain when the processing is complete and the dividend notice appears on the Daily List."
PAO Group Inc shouldnt even be on that Vitallia Health's(created 4 years and paperwork, as they were a dissolved(archived) entity in both Nevada and Wyoming(hence the shell badge on the stock) up until 2/21/2024.
Can it happen in the future? Sure. In my opinion I dont think they will, companies dont reverse split their shares when there are 60%(3.1 billion) left to issue, especially when the liquidity is everything below a penny in the OTC and can grow organically. They still have unissued debt conversions from 2016-2019 with CDN Associates(Shaun Diedrich) at 50% the lowest bid price.
This will have to be addressed by PAOG management once they start communication. I can agree on that. Worried? Not at all.
Phycological games are apart of the market. Its how investors grab shares for cheap, create a problem-sell the solution.. 9/11 and Covid were the biggest money grabs the stock market and private dealings had ever seen. Good luck on flippin!
