Replies to post #95586 on North Bay Resources Inc (NBRI)

[rarefind]

leo likely will wait till year end and get it done early 2016...another 200 to 1 or larger....then those long term holders can really rejoice...anyone seen spanky lolol

[1manband]

I have searched for any rule about the restrictions on splits and can not find anything.

FINRA has jurisdiction over corporate actions for OTC traded stocks, including splits/reverse splits. They have most recently been very reluctant to approve multiple reverse splits in quick succession (i.e., a year or so). FINRA knows all about these toxic death spiral issues, and they will usually allow them 1 reverse, but not 2.

The odds of NBRI being able to reverse split the stock again so quickly after the last 1-200 reverse in February is slim.