Hey Atlas Hope you are well! So it has been disc
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Posted On: 05/14/2018 12:24:57 PM
Hey Atlas Hope you are well!
So it has been discussed on "other boards" but BIEL being headquartered in Maryland is subject to state law requirements which allows a maximum 10:1 r/s . That being said a reveres split could no doubt be to our advantage here! There is always speculation to exactly how it would work but if 10 is the max I'm all in as it would move us to another exchange no doubt!
Fuja
So it has been discussed on "other boards" but BIEL being headquartered in Maryland is subject to state law requirements which allows a maximum 10:1 r/s . That being said a reveres split could no doubt be to our advantage here! There is always speculation to exactly how it would work but if 10 is the max I'm all in as it would move us to another exchange no doubt!
Quote:
Reverse Stock Splits
Unless a corporation’s charter provides otherwise, the Bill authorizes the board of directors of a Maryland corporation with stock registered under the Securities Exchange Act of 1934 or that is registered as an open-ended investment company under the Investment Company Act of 1940 to amend its corporate charter to effect a reverse stock split resulting in a ratio of no more than 10:1 in any twelve month period:
Fuja
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