As in the case of KEGS, No regulator says that. None, Zero, Zilch.
Btw, there are problems with your “dividend” scenario:
* KEGS has NO Short interest
* KEGS has NO dividend
* KEGS has NO Safe Harbor protection
* KEGS financials claimed:
On March 14, 2024, the Company filed an amendment to its certificate of incorporation with the state of Florida for a 1-for-1,000 stock split in an effort to increase its per share price and, with appropriate funding, to become a fully-reporting (or "1934 Act compliant") issuer. The Company intends to pursue the consummation of stock split with FINRA sometime in the 2nd quarter of 2024.