Replies to post #91254 on High Performance Beverages Comp. (TBEV)

[Highlander_1]

Correct... no RS ~any~ day now... likely not until mid-March... in fact, no confirmation yet that the RS will happen... They also need approval from FINRA... Public companies first need to do the split in its home state. Which would require their List of Officers and business license to be current. That will cost $3,550... Then it has to submit a corporate action request to FINRA. FINRA will either process it, ask more questions, or refuse to process it. It can only refuse to process it under certain circumstances, but even if those circumstances aren't present, it can delay it with requests for documentation. Needless to say, if the company declines to provide what's asked for, the action may be delayed indefinitely... Heliguy is a full-time day trader and knows this to be true...

Prior to all that they have to mail the information statement before they can file the DEF 14C, at which point it will be at least 20 days later... then they have to file an 8-K confirming a certificate of amendment has been filed with the Nevada Secretary of State... Simply look at the last one...

The last RS PRE 14C filed on 10/20/2014...
http://www.sec.gov/Archives/edgar/data/1504222/000121390014007374/pre14c0914_highperformance.htm

The DEF 14C, with the actual date of mailing filled in was filed 3.5 weeks later on 11/14/2014:
"This information statement has been mailed on or about November 14, 2014"
http://www.sec.gov/Archives/edgar/data/1504222/000121390014008156/def14c1114_highperformance.htm

3 weeks after that a certificate of amendment to the company's articles of incorporation was filed with the Nevada Secretary of State, effective 12/5/14 and was reported as an 8-K on 12/18/14...
http://www.sec.gov/Archives/edgar/data/1504222/000121390014008985/f8k120514_highperformance.htm

Then, both the 10-Q for the period ending 1/31/15 filed 3/23/15 and for the period ending 4/30/15 filed 6/22/15 reported:

"Effective February 25, 2015, the Company completed a 1 for 10 reverse stock split."

http://www.sec.gov/Archives/edgar/data/1504222/000121390015001995/f10q0115_highperformance.htm

http://www.sec.gov/Archives/edgar/data/1504222/000121390015004660/f10q0415_highperformance.htm

I would expect it's even more likely that any potential RS wouldn't be completed until March 2016 at the earliest given that the process this time was started three weeks later than last time... so adding three weeks to February 25 you get March 17th... and as you can see, it doesn't happen in a vacuum... there will be clear indicators along the way...

There's plenty of room between now and any potential RS that likely won't even be able to happen until mid-March for people to profit from just on small news-related spikes... It's a flipper's paradise right now... all those 3s can easily double/triple an investor's money if not do considerably more than that well before any potential RS