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Re: TJG post# 9553

Thursday, 10/20/2011 1:00:25 PM

Thursday, October 20, 2011 1:00:25 PM

Post# of 13679
Well, if they want to change the share structure change again then they need approval from FINRA for Forward split. they have to file papers and required fee with specific period otherwise they won;t consider.

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What is a "stock split"?
The division of outstanding shares of a corporation into a larger number of shares (forward split) or a smaller number of shares (reverse split). For example: in a 3-for-1 forward split, a holder of 100 shares would receive 300 shares of the post-split security, In a 1-2 reverse split, a holder of 100 shares would receive 50 shares of the post-split security. In both examples, the proportionate equity in the company would remain the same.

What documents are required for a stock split?
The company needs to complete the Issuer Company-Related Action Notification Form and submit to FINRA no later than 10 calendar days prior to the record date of the corporate action. Submissions can be set via email or fax to (202) 689-3533. Failure by an OTC Equity issuer to provide the requisite notice may constitute fraud under Section 10 of the Securities Exchange Act of 1934.
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http://www.finra.org/Industry/Compliance/MarketTransparency/UPC/FAQ/P117315