Replies to post #125317 on Bravatek Solutions Inc (BVTK)

[madrabbit]

To add to this:

A company’s board of directors may declare a reverse stock split without shareholder approval. Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws govern reverse stock splits.


https://www.sec.gov/fast-answers/answersreversesplithtm.html

[cngreen]

tom pledged his series c shares as collateral on a 2 loans. now im not sure if he could still use them to vote or not. (if anyone knows, please chime in)
as of right now, there are only 319,768 series c issued. multiply that by 10000 and you get 3,197,680,000 voting rights for those shares.