Certainly seems like they are trying to give the perception that things are happening based on the quarterly report/financials.
I just can't seem to understand what Brian brings to the table where somebody would hire him to do consulting/project management. He's gotten nothing done as far as I can see in the 2 years I've owned this.
That being said, I don't care what happens just as long as the PPS recovers. GLTUA
A company can do what it wants when adjusting its capital structure.
FINRA says:
There are five things that must be clear in the application the company submits for approval:
FINRA Submission Reviews
The new Rule also permits FINRA to request additional documents and, on a case-by-case basis, conduct detailed reviews of such submissions and delay a request to announce a corporate action.
The detailed review will be triggered if FINRA Operations believes that any of five factors outlined in Rule 6490 exist:
1. FINRA believes the forms are not complete, accurate or were filed without the appropriate authority;
2. The issuer is not current with its reporting obligations;
3. FINRA has actual knowledge that parties related to the corporate action are the subject of pending or settled regulatory action or are under investigation by a regulatory body or are pending criminal action related to fraud or securities law violations;
4. FINRA has actual knowledge that persons related to the action may potentially be involved in fraudulent activities related to the securities market or may pose a threat to public investors;
5. There is significant uncertainty in the settlement and clearance process for the security.
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