Replies to post #65435 on CV Sciences Inc (CVSI)

[StockItOut]

How are they permitted a reverse without shareholder approval?

[JohnCM]

Bummer. They may be looking at a comfortable price level that would position themselves for uplist to the NASDAQ. Price has help up pretty well. Surprising.

$0.50 X 10 = $5.00

To approve an amendment to the Company's Certificate of Incorporation, as amended, to effect, at the discretion of the Company's Board of Directors, a reverse stock split of all outstanding shares of the Company's common stock, par value $0.0001 per share, at a ratio of not less than 1-for-2 and not greater than 1-for-20, such ratio to be determined by the Company's Board of Directors at any time before March 31, 2021, without further approval or authorization of our stockholders;