steeledge...LHSI 2:7 reverse split.....
I saw that earlier today while going through the filings. I'm not entirely sure about this, and I'm not sure if my explanation is going to make any sense, but here goes....
I have this growing belief that the company/consultant followed normal procedure and filed for a reverse split on the state level first (amending the Nevada articles of incorporation), decided they don't need to wait until FINRA/Nasdaq reverse splits the trading common stock, and might not realize that when the trading common stock does eventually undergo a reverse split all of the current outstanding shares will undergo a split and not just the 4.3M shell shares.
Since the filings definitely state that the merger has been completed and LHSI has issued the 7M shares to the China company, any reverse split at this point will effect both the original shell shares and the new 7M China shares. Which would completely defeat the purpose of the split.
