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misanthrope

06/10/20 11:11 AM

#227964 RE: Steve43 #227959

I kinda remember there being a loop hole around the 10-1.


The Maryland restrictions on reverse splits (1/10 and no more than once annually) only applies to SEC registered firms, which BIEL is not, having voluntarily dropped that a number of years ago (can't recall the year now...2014 perhaps? Maybe earlier).