Here I'll give you a perfect example WD*BG, that was there plan too, nothing came of it, nothing. This is done. Just trade it until you find out if Finra approves the reverse split, or better yet the company decides to lower the denomination, to at least 1000. Very foolish move, they could have easily done a reveres split at 5 cents and do a 100 reverse split and that would have qualified them to list on NYSE, they did this to wipe out the common shareholders.
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