JP 3E Holdings Inc (JPTE)

[shotsky]

That is not what it says. It says "with or without shareholder approval or vote"
The board of directors of any public company can change the articles of incorporation any time they want to. That means they can write a reverse split into the articles IF THEY SO DESIRE. It is THEIR business, and THEY make the rules.
I'm not suggesting JP3E might do a split, just that they COULD if they WANTED TO.