Replies to post #95629 on JP 3E Holdings Inc (JPTE)

[I-Glow]

Kman, one stock on NASDAQ has in 2 years has a combined reverse split of 1:135,000,000.

Since the changes to 15c-211 in 2021 - the NASDAQ Capital Market has become almost as bad as the OTC.

And you are right FINRA doesn't approve reverse splits - they process them and since Spooz doesn't have a 211 filed with FINRA it might be extremely difficult for FINRA to process a reverse split. I will have to check on the specifics.

I believe that SEC reporting companies have to inform shareholders about a reverse split usually by an 8-K or a 10-Q or 10-K.

[I ll be back]

Crooks will be crooks!

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 found this off "beat" stock when I was watching the recent court filling for NSAV, given the CEO had prior ties to the company and is currently under investigation by the Feds. Should be heading for the greys shortly.

In my 40+ years, I've seen some CRAZY reverse splits, but never a 1-for-500,000 wiping out the shareholders. The 2nd RS came after the CEOs claims that the first was to create shareholder value, only to see the remaining shares drop another 90% resulting in the need for a 2nd RS. Which removed the remaining holders.

The beauty is, his attorney (shady) attorney and him are now under the light and based on what I've seen will likely be fitted for orange jump suits.

Anytime you see a OTC quickly running out of shares it is only on "life support". Especially after posting "record-unaudited" financials claiming to be bringing in millions.

You don't have to be a brain surgeon to know when a company is heading for a reverse split in order to bring in "fresh investors" or I mean fresh meat.