I agree that FINRA has been taking a closer look at reverse splits.
On 2 reverse splits I contacted FINRA to complain about a reverse split - the company had done another reverse split within the last month.
FINRA doesn't reject a reverse split but they can ask questions forever - in this case the CEO told me that FINRA was asking questions that went back 15 years and he didn't have the answers - plus there wasn't a good reason for the reverse split.
When was the last time LIBE did a reverse split?
We will soon see if LIBE passes comments from FINRA and there is a reverse split.
If there is a reverse split it will be devastating to shareholders.
Initially only the toxic lenders will be dumping as they will have made arrangements with a MM.
There wasn't a $50 million order - as always with NGen the orders are always nebulous and void of facts - so there isn't anyway that the "$50 million order" can be verified.
NGen said the same nonsense when they were pumping GRAS.