CCKH (now CDBH) was a Meuse shell that did a 46-1 reverse....and there were fewer than 75 million O/S. Meuse's stake shares in the company weren't split BTW.
The implication that a Meuse shell wouldn't do a reverse split isn't born out by past results. Some don't do a RS, but many do. It's up to the new company to decide. History does suggest that Meuse is shrewd enough to make sure has shares aren't included in the RS.
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