ICTY can't do a reverse split because it was not current at the time of the Form 15 filing. To get FINRA to process the reverse split, they would have to go back and submit missing SEC filings (10Q's & 10K's), which is impossible. It was a long time ago and many years of missing filings from the previous company. If they really want FINRA to approve anything, they could submit a Form 10 with 2 years of financials. For now, they would have to find a merger candidate that is okay with the current share structure and doesn't want a reverse split.
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