What he needed to say was A Corporate Action For a Reverse Split Is Pending .... What it means is that the Board has approved the Corporate Action and the announcement for the Revers Split is Pending... Pending because the Board is who will announce it..they will send the info to FINRA and then FINRA will post the Corporate Action on the Daily List... that is when we will all know for sure that its been approved
As we talked about back in June and July... Goyner is new, it has made several mistakes... BBW put up a whole explanation about how this was a mistake and posted on there is no applications for a RS all Reverse Splits are officially called a Corporate Action...FINRA processes it and lists it on the Daily List
Here is the definition of it per AI
AI Overview
Yes, an over-the-counter (OTC) reverse stock split is considered a type of corporate action that a company undertakes. This action reduces the number of outstanding shares, which in turn increases the price per share, but it is processed through FINRA rather than a national stock exchange, according to finra.
This is so old that it really does not matter... so call it what ever anyone wants... all I can say is its not happening until the board approves it and the board will not approve it until MTi says they want it done... but if people want to continue to think that Oscar is actually make decisions thats fine... I will stick with all decisions come thru MTi and let it go at that.
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