NewMarket Technology (fka NWMT)

[gbb777]

It seems that there is no limitation in terms of number of or time between reverse splits,
according to a Q/A in USA Today, sometime last year.

Here is the link:

http://www.usatoday.com/money/perfi/columnist/krantz/2010-03-04-reverse-stock-splits_N.htm

Quote:

Regarding your question, there's no limit to the number of reverse splits a company can do or how much time must elapse between them. However, there are practical limits.

The most important consideration is that the exchanges also require stocks to have a minimum number of shares outstanding. The Nasdaq, for instance, requires companies to have at least 500,000 outstanding shares to meeting continued listing rules.

Every time a company does a reverse stock split it shrinks its number of shares outstanding. If a company does too many reverse splits, and has fewer than 500,000 shares, it could be delisted.