Replies to post #75660 on East Coast Diversified Corp (fka ECDC)

[flaflyersfan]

tonyo524, correct. Since ECDC is SEC fully reporting they would have to file another PRE 14C announcing an increase in Authorized or Reverse Split;

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001256540&type=pre&dateb=&owner=include&count=40

Non-reporting Pinksheet stocks can Reverse Split any time if majority-held without shareholder approval or even notification. Happens almost every trading day at appoximately 1:00 EST here;

https://www.otcbb.com/AllDailyList/index_2014.htm

Good luck

[RJ5]

A company’s board of directors may declare a reverse stock split without shareholder approval. Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws govern reverse stock splits.

If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q and 10-K.

http://www.sec.gov/answers/reversesplit.htm

for FINRA it is 10 days, note it says FINRA not shareholders didn't look hard but i don't see anything about shareholders

sry lost link