InvestorsHub Logo
Followers 29
Posts 9421
Boards Moderated 0
Alias Born 04/30/2006

Re: None

Thursday, 11/15/2012 10:06:36 AM

Thursday, November 15, 2012 10:06:36 AM

Post# of 30387
Reverse stock split NOT YET APPROVED BY FINRA.

"The reverse split will become effective on the OTC Bulletin Board when FINRA has approved the Company's documentation pertaining to the stock split."


FINRA is certainly dragging their feet on approving the reverse split. It has now been over a month since Moro made the application to FINRA. The reverse split has to be effected by the end of November or the authorization by the shareholders is void.

IMO, it may be highly likely FINRA will delay any approval until the authorization period has expired. That way, FINRA does not have to deny the reverse split, it just dies on its own.

12 more business days left to obtain approval.


I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.