The Company previously filed a notification with FINRA for a proposed reverse stock split of the Company's issued and outstanding common stock. Due to certain circumstances related to the filing and the inability to secure final approval of the action, the company has decided not to pursue effectiveness of the stock split.
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And for that reason plus having the conversation with Ernst was the nail in the coffin for me.
And I guess I would also ask, why the change of heart (or new-found knowledge) of WHY the R/S was cancelled? You certainly aren't referencing FINRA regs in this recent statement. And when would THAT have come up in your little private convo with Ernst?
"Everyone needs to remember, there was a reason why the reverse split was canceled and that's all you have to take into consideration because once you have a private equity fund vouching for their technology all the rest will be history."