Green Technology Solutions, Inc. (fka GTSO)

[Voices of Reason]

Question for you regarding splits - another slimmy company I am following, ONYX.ob, made an announcement at the end of December that they would have a 1:3 forward split effective Jan. 4. That date came and went with no split occurring. On January 6, they came out with a press release stating that they are "currently awaiting final approval from the Corporate Actions department at FINRA. The Company has been informed that FINRA is processing a greater than normal load of corporate actions and as such approvals are taking longer than expected."

ref.: http://finance.yahoo.com/news/Onyx-Service-Solutions-Inc-bw-1266581672.html?x=0

My questions are this:
1. Aren't companies required to make a public SEC filing for such a split (even ones like GTSO on the OTCBB) before it happens?
2. Is it plausible that FINRA would be so overwhelmed with filings that they would delay such a split, or is this just BS from the company?
3. If the company stated that the split would affect all shareholders as of record on Dec. 30th, what happens to the shareholders who buy in between the 30th and the split date -are they SOL or do they get the split anyway?