Replies to post #49555 on Artificial Intelligence Tech Solutions Inc (AITXD)

[mrf8714]

TOP Ships stock drops, after 6th reverse split in past 2 years.
From Aug 22nd 2019 article on MarketWatch:
TOP Ships Inc. shares TOPS, +1.77% fell 5.3% to $6.59, but this was after the price was adjusted following another reverse stock split. The Greece-based ship-owning company effected a one-for-20 reverse stock split Tuesday, which in effect lifted the stock's Wednesday closing price to $6.96 from about 35 cents. The reverse split follows a 1-for-10 split in March 2018 and four reverse splits in 2017 that increased the stock price by a multiple of 18,000 that year, according to data provided by FactSet.

[k9narc]

Not sure where you get the "cannot legally" part from.

DRYS did 8 in short order......

2017-07-21 1:7
2017-06-22 1:5
2017-05-11 1:7
2017-04-11 1:4
2017-01-23 1:8
2016-11-01 1:15
2016-08-15 1:4
2016-03-11 1:25

I know that they are clamping down on those companies that are habitual with reverse splits, but have not seen any legal restrictions put in place.

Claiming their cannot be another is simply baseless until proven otherwise.