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Tuesday, April 29, 2008 9:37:50 AM
Exchanges may impose shareholder approval requirements for certain corporate actions-such as R/S as a condition of listing, but the OTC quotation services have no such requirements.
Other actions that require no State or Federal regulatory approval include:
Increases in AS
Total OS, except that share registration requirements must be met
If you are so sure that there is an approval process, why don't you provide a link to the regulation.
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