Replies to post #12768 on Visual Management Systems, Inc. (fka VMSYQ)

[lowman]

It's pretty uncommon that a company where insiders have a considerable interest, perform a r/s.

[DarthTrader3]

I think you're referring to a RM (reverse merger). I don't see a reverse plit happening here, especially since they need 7.5% shares of VMSY to pay to creditors. Doing a RS would never allowed them to meet that 7.5%.

[ilenes]

I am not certain of whether they can announce stock splits (reverse or forward) at the time of emergence. I imagine they could, if not concurrent then immediately thereafter. I know they can split the company into parts, and they can certainly affect a reverse merger...sorry, was searching in my memory for when this might have happened as you ask, and I can't think of any times...am on the road today. Will check law later for absolute answer...

Ilene