Replies to post #95622 on JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

Buy: 670,500 Sell: 1,134,899

https://ih.advfn.com/stock-market/USOTC/spooz-pk-SPZI/trades

[shotsky]

There is no 'approval' needed to do an RS. It is decided by the CEO and directors. It requires them to file a change in the articles of incorporation, which is a public document, meaning shareholders would be notified of the change. It would not happen until the date specified in the filing.
On the other hand, there is no debt, and no reason to think an RS would be under consideration. We will know when the annual report is filed whether there is any profit to the company. Profit is used to buy back shares, which benefits shareholders. Again, a filing is required before any shares can be bought back.

[I ll be back]

Cornerstone, based on the content of your posts (lacking facts) you might find this example of what happens to shareholders under a RS when management is crooked. This example is in real time and just happened to the shareholders. If you want a GOOD education, I suggest you review the posts on the site to understand the pit falls of a RS.

As already posted, the shareholders received NO notice and woke up one morning to not one but two RS in less than ONE-year. The recent RS wiped out all their shares.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175865330

No way this would get out even if company decides at some point it is needed and we would have months notice at least since it has NOT been approved to date.

If you're going to buy OTC stocks, you would be wise to do your homework!

Kool and gang have provided posters here with REAL facts that have been backed by ACTUAL links. Only a blind man with NO experience would be buying into this scam IMHO.

[Kool Aid Man]

"we would have months notice at least since (a reverse split) has NOT been approved to date.

--FYI Finra does not approve corporate actions such as reverse splits. The only mandate is that corporations notify FINRA of such actions 10 days prior. As far as I know there is no requirement that companies have a duty to notify shareholders in advance that such actions are forthcoming...especially with OTC garbage. Shareholders have to monitor the FINRA Daily List to discover that.

In my experience, OTC investors wake up one morning blindsided by an R/S. The one cited by I'll Be Back was a 1-for-2,500 R/S on 1/21/25. Eight months earlier they filed a 1-for-500,000 (500 thousand) R/S on May 20th!!!. It's currently shut down.

I've personally seen R/S's as high as 1-for-24,000 and 1-for-50,000. But it hardly matters as the difference between falling off a 100 foot high cliff vs a 50,000 foot one is minimal..you're just as dead.