Dec. 22 at 1:07 PM
$AERT #MNTS #OCG #UGRO
You all getting robbed by these con men... STOP THE SCAM!!!
Use my draft below (read more on my comment) to send a formal complaint to NASDAQ, SEC, NYSE, AMEX, and other authorities about this fradulent business practices.
FORMAL COMPLAINT: PREDATORY REVERSE STOCK SPLITS AND MARKET MISCONDUCT
TO: NASDAQ, NYSE, SEC, AMEX
RE: Urgent Petition to Curb the Abuse of Reverse Split Provisions by Failing and Fraudulent Issuers
I. STATEMENT OF PURPOSE
This document serves as a formal grievance against the systemic abuse of Nasdaq Listing Rule 5550(a)(2). It highlights how specific companies, particularly those within the micro-cap sector and certain foreign jurisdictions, are utilizing the reverse split mechanism as a predatory tool. Rather than using these splits to genuinely reorganize for the benefit of shareholders, these companies are effectively "washing" their non-compliance to facilitate further dilution, which enriches insiders and toxic....