Replies to post #6899 on ALR Technologies SG Ltd (ALRTF)

[Vandalayind]

Per the last Q.

c) On January 27, 2017, the Company’s Board of Directors approved a 100:1 reverse share split of the Company’s common stock pending approval from the SEC and other regulatory bodies.

Obviously the SEC won't approve actions on a delinquent ticker.

In the normal world yes RS is usually a last ditch effort and spells trouble.

In the OTC world it's to reset the share count that has no room to grow, to start selling shares all over again. That's how OTC companies without revenue or positive cash flow survive.

The CEO has Billions he'd like to get paid on. Can't convert those if the shares aren't available.