Trader: FINRA is not a government body. FINRA is a private company created by NYSE, NASD, and NYSE Regulation - none of the entities to which NeoMedia belongs. So it is IMPOSSIBLE FINRA "will act to rein in NEOM" in any circumstance. Frankly, my dear, they don't give a...
Again, the SEC will not limit a reverse split that was voted on by the will of the shareholders.
Do you really want that level of government regulation that dictate the number of shares a company can issue? It would be unprecedented and therefore extremely unlikely.