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.
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