Replies to post #58943 on Coin Citadel (CCTL)

[Starlost]

You are DEAD WRONG.

CCTL is non reporting.

Non SEC compliant companies such as this one can and do reverse split. Then dilute.

All the time.

Wow.

How do companies notify their shareholders of a reverse stock split?

Companies may issue press releases notifying the public of a reverse split. If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q and 10-K. A non-reporting company is required to notify the public through its current report filings on the OTCMarkets website.

In addition, all OTC issuers, reporting and non-reporting, that wish to do a reverse (or forward) stock split must comply with FINRA’s Rule 6490. Generally, a company must notify FINRA of its intentions at least ten (10) days prior to the desired effective date. A Corporate Action form must be filled out, and a processing fee will be charged. Normally, the issuer’s transfer agent takes care of the paperwork.

https://www.securitieslawyer101.com/2015/reverse-stock-split/