Good question, from my understanding it is a 3 ste
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Posted On: 02/16/2023 3:10:50 PM
Re: SVENoftheNORTH #2651
Good question, from my understanding it is a 3 step process.. first the share holders vote to initiate the stock split and then it would be processed by Nevada state and then finally it is "processed and put into effect by FINRA. I believe FINRA only serves to put it into action and they are not particularly in the business of authorizing or denying the companies stock split. I think the only one that can do that is the share holders ie the EGOC board.
Everything that I have come across says that FINRA has no other function than to effectuate the stock split and that's it. Apparently they have no function in authorizing or denying the companies wishes to do a stock split and they merely process it to make it final on the stock exchange. Just what I came across a while back concerning FINRA's role in stock splits.
That said EGOC announced their "intentions to do a stock split". Maybe they will maybe they won't .. from my standpoint it is all up to the board or share holders and time will tell. JMO
Everything that I have come across says that FINRA has no other function than to effectuate the stock split and that's it. Apparently they have no function in authorizing or denying the companies wishes to do a stock split and they merely process it to make it final on the stock exchange. Just what I came across a while back concerning FINRA's role in stock splits.
That said EGOC announced their "intentions to do a stock split". Maybe they will maybe they won't .. from my standpoint it is all up to the board or share holders and time will tell. JMO
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What I post is my opinions and thoughts based on my research. Please do your own DD before buying or selling any stock. I am just as capable as the next guy in making good or bad investment choices! We win a few, we lose a few. That is the nature of the game!