so you say ...R/S can happen and have happened w/o any forewarning or actual announcement to shareholders...depends on th corp bylaws...
your cheap attempt to discredit me has me stlll laughing
The following is a list of steps required to effect a reverse split.[nowhere does it say you have to immediately inform shareholders]
Most of these steps will be effected by your Legal Counsel and will not require the Company’s involvement. There are a few forms that Legal Counsel will be forwarding to the Company for execution.
Obtain new CUSIP number.
Deliver corporate resolution authorizing the reverse stock split and the terms to Transfer Agent.
The completion of the Transfer Agent Verification Form.
Deliver new CUSIP number to Transfer Agent.
Confirm state of incorporation, the par value and the shares authorized after the split to Transfer Agent.
Deliver Transfer Agent Verification Form to OTCBB.
Deliver old and new CUSIP number to OTCBB.
Obtain new symbol from OTCBB.
Effect split on - - -- (Date) 2008. To confirm with OTCBB whether trading must halt.
File amendment to Certificate of Incorporation with the respective State on ------- (Date) 2008 and
Deliver instruction letter to Transfer Agent regarding issuance of shares.