Replies to post #51571 on Appyea Inc (APYP)

[50 MIL STRONG]

Here's FINRA's role when it comes to reverse splits! It's as simple as that. THE END!

What is FINRA's role?

FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action. Once a corporate action submission is successfully processed (which may take longer than 10 days), it will be posted to the OTC Daily List. The Daily List is a place investors can learn about reverse stock splits and other company corporate actions, such as a merger or acquisition, payment of dividends or a company dissolution or liquidation.

The part I highlighted means, the RS can happen 10 days after FINRA records it to OTC Markets!!!