Replies to post #59457 on Integrated Cannabis Solutions Inc (IGPK)

[GetSeriousOK]

Your answer is in your direct quote. FINRA examines the paperwork and reviews it for completeness and accuracy and then processes the paperwork. They deem whether the DOCUMENTATION is DEFICIENT or not. They don't approve or deny a request for a reverse split. Read this if you're interesting in learning more:

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, where 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.

https://www.finra.org/investors/investing/investment-products/stocks/stock-splits#:~:text=FINRA%20does%20not%20approve%20reverse,actions%20in%20the%20OTC%20market.

Notice that I'm not calling you "clueless" and telling you to "read it real slow and try and comprehend." But you might want to read YOUR quote again in this new context. If the notification that this company sends to FINRA is complete and accurate and not deficient, FINRA is going to process the request. Do you see that?