InvestorsHub Logo
icon url

Renee

11/12/24 10:42 AM

#24012 RE: Adamph85 #24011

You would need to contact the company to ask why they did the one for 100 reverse split. OTC Markets does not display the past or current share structure so it is impossible for me (or anyone) to know if the Outstanding Shares (O/S)were (or were not) maxed out to the Authorized Shares(A/S). Previous Financials should indicate if there are (or are not) dilutive financings involved where the O/S is insufficient to fulfill their loan obligations.

So, read the Financials first, and if you cannot determine the reasons for the reverse split then call the company.

Best o' luck.