You say it's about being correct when speaking as to not mislead.
However, we both know that Sarissa is not actually doing a reverse split, yet you have continued to say they are and repeated that rhetoric.
Yes, the manner in which current shareholders receive fewer shares could be compared mathematically to a reverse split, but it would not "be correct when speaking as to not mislead"
Now, in regard to FINRA not approving anything....This comes directly from the PR:
ndo Global intends to file for a name change to Niobium Technology Corporation, a symbol change to NBTC, and for a 12,500:1 reverse split, for approval by the Financial Industry Regulatory Authority, Inc. (FINRA).