Ok. I will try to answer thes for you! I do not know everything but I am confident I may be able to shed some light for you IMO!
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?
I am not exactly sure how to answer this one but i will give it a try! They can make it public burying it in the fins and other applicable docs they submit to the sec.
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?
Yes. It is very plausable. I have three companies doing forward splits right now!
There is alot of paperwork to review and they have to be current on every thing!
Also they need a list from NOBO and the TA to do the F/S. alot of times they will go back twice just to make sure no one is missed. So if they were not current on filings before they will be after the split!
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?
There is what is called an ex-divy date! in your case the ex-divy is the 30th. If you buy on the 30th your in! If you buy on the 31'st your out. Period. I aleays hold untill the shares hit my account! I have heard that if you sell after the ex date and before the issue date your Divy shares may follow your sold shares. So yes the share holders who bought on the 31'st till the issue date are SOL.
I am no expert. But this is what, I think I know. LOL.
I hope it helps you out!
Hit me up any time.
