Replies to post #500 on INDAPTUS THERAPEUTICS (INDP)

[TJG]

Companies usually will not announce there is no RS they just do not vote in favor of it when the time comes. So while that looms it causes weakness that's all.

Uh no thats not how it works... they already voted for the RS...Board authorized it in the 8-K that was filed...there is a last day execution on the voted for RS... when that day arrives and if there they have not done the RS then its no longer valid and if they wanted to do it they would then have to go thru the authorization process all over again

Some of the rules for a RS:
https://budgeting.thenest.com/reverse-stock-split-rules-22480.html#:~:text=Other%20Rules,of%20shares%20a%20company%20has.

Documentation
Reverse stock splits are costly and require detailed filings with the respective stock exchange. NASDAQ requires a minimum of 15 days advance notice before the split takes effect. (note it says takes effect not authorized) The company must indicate in its notice whether it was the shareholders or the company board who voted for and approved the split. The NYSE charges companies a $15,000 application fee for reverse stock splits.

The United States Securities and Exchange Commission, which oversees corporate stock activity, indicates that shareholder approval is not required for a reverse stock split, but companies must notify shareholders of the move on its 8-K, 10-Q and 10-K form filings. Additional items included in the exchange filing are the ratio of the split, changes in outstanding shares and par value of the stock and any amendments to company articles of incorporation.

Again you are chasing boogie men here.