Replies to post #139459 on TAP Real Estate Technologies Inc (RWAX)

[dukeb]

Oh, my sweet summer child, you do need to see more of the OTC. Trip 0 stocks do reverse splits all the time. Take a look at the FINRA daily list and you will see plenty of examples. Tickers with multi-billion share OSs are traded like baseball cards among scammers. The new owner will RS the snot out of existing shareholders so they can issue new shares to new suckers. Inevitably the share price will drop below a penny quickly and usually end up in the trips within a year or two.

Ive never personally seen a sub-penny stock do a reverse split unless maybe they were facing delisting

Also speculation but, I would imagine HMBL needs to at the very least hit a share price of $0.05-$0.10 for a RS to be announced

This goes against the very playbook of the OTC. A NASDAQ issuer trying to become compliant sure. But on the OTC it's the trip stocks that RS. A lot.

You really should become more familiar with the cesspool that is the OTC.

[OMOLIVES]

You never will given that sub-penny stocks are not listed. They are only quoted via the OTC link. Regarding the consolidation of shares, they have to do such when they run out of authorized or choose not to raise the authorized in this situation. The share price is not a factor here currently. They have 10 Billion left-rough-in the til'. Good luck