JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

"we would have months notice at least since (a reverse split) has NOT been approved to date.

--FYI Finra does not approve corporate actions such as reverse splits. The only mandate is that corporations notify FINRA of such actions 10 days prior. As far as I know there is no requirement that companies have a duty to notify shareholders in advance that such actions are forthcoming...especially with OTC garbage. Shareholders have to monitor the FINRA Daily List to discover that.

In my experience, OTC investors wake up one morning blindsided by an R/S. The one cited by I'll Be Back was a 1-for-2,500 R/S on 1/21/25. Eight months earlier they filed a 1-for-500,000 (500 thousand) R/S on May 20th!!!. It's currently shut down.

I've personally seen R/S's as high as 1-for-24,000 and 1-for-50,000. But it hardly matters as the difference between falling off a 100 foot high cliff vs a 50,000 foot one is minimal..you're just as dead.