Replies to post #118903 on SPO Networks Inc (SPOI)

[OTCPennyTrader]

SEC Approval is NOT required for SPOI to do a RS:

"Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws generally govern the company’s ability to declare a reverse stock split and whether shareholder approval is required."

Source: https://www.investor.gov/introduction-investing/investing-basics/glossary/reverse-stock-splits

Also note that SPOI is a NON-REPORTING company at this time. In other words they don't have to file 8k's, 10k's, etc for compliance.