ProText Mobility Inc (TXTM)

[MaxDaniel]

TXTM - Per FINRA :
Reverse split will take hold within the next 9 trading days. After that trading halt...new shares distributed...temp ticker TXTMD for 20 days and new cusip #. Keep your broker on the phone and eyes peeled on L2. Wont be much of a window if there is 1 in the first place. Brutal for shareholders.


1. What rules govern the reporting of dividends; when must a company report a declaration of a dividend or other distribution?

Please refer to Rule 10b-17 (Untimely Announcements of Record Dates) of the Securities Exchange Act of 1934 ("SEA"), which generally requires an OTC Equity issuer to provide FINRA's Operations Department notice 10 days prior to the record date of the following corporate actions: (1) the issuance of a dividend or other distribution in cash or in kind; (2) a stock split or reverse split; or (3) a rights or other subscription offering. Failure by an OTC Equity issuer to provide the requisite notice may constitute a violation of Section 10 of the Securities Exchange Act of 1934.