A reverse split can not happen easily, takes time, and even then would have to meet FINRA approval. Applying for a reverse split and not making that public information on OTC markets would keep that red stop sign up for a very long time there and IMO would impede FINRA approval. There will not be a reverse split without a lot of things happening and right now I place the odds of FINRA approving one for HFBG at well below 50%.
Shareholders should be consulted and clued in on the detrimental effects of a reverse split, the likelihood of the share price tanking afterward, and why the benefits would outweigh the risk. Shareholder input should be truly valued, not just babbled and aconowledged with a one liner and no action. Without any of that, FINRA should give it two thumbs down.
Long HFBG
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