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BeachBum

04/05/15 6:56 PM

#47330 RE: PayDirt! #47307

As I see it. When you file a corporation in your state, you DO NOT deal with FINRA anymore than you do as a public company when raising the shares authorized. When reverse splitting your current stock outstanding which affects all current shareholders, you need FINRA approval. Only after a reverse do you record the reduction in common outstanding to the SOS. IMO