If they don’t RS before ETF approval this will be the norm all other mining companies will fly and Bit will fly to fall back and stay flat

AGeezy : are there talks about RS?

FiReBiTriXiEOP AGeezy: They have too because bid minimum requirement they said they would if they stayed under .01 for five days they did that and we hear nothing. They have to tell us this week at least ffs it’s been to long waiting and they don’t want to it inform us they’ll be sued to hell frfr and all their tea cafe shopdreams will be OURS

Broset311 : Screw a r/s. Just get it above a dollar

ape wild : fuck a RS

FiReBiTriXiEOP ape wild: Then fck this dead in the water high ass free float wheel spinner POS! Cause that’s what it’ll be if they don’t undilute their fckn shares a bit period

FiReBiTriXiEOP Broset311: Haha people just don’t understand the fundamentals of it at all obviously but o get it you all had bad RS experience so I ain’t mad at ya but I assure you this POS isn’t going over .02 without it

Method tr4der FiReBiTriXiEOP: Im no expert in rules, but ive held multiple stocks where they gave no notice of R/S before it was executed.

FiReBiTriXiEOP Method tr4der: After November 1st of last year they have to alert Market Watch 10 minutes before shareholders and it has to be a 2 day minimum notice my lawyer said to stay in cause if they dont do that it’s an easy win period! Super class action lawsuit it would be in their best interest or they can kiss all their tea and milk shops and Bitcoin mining facilities goodbye paying all us back hand to God

FiReBiTriXiEOP Method tr4der: The new NASDAQ requirement for alerting shareholders of a Reverse Stock Split (RS) is outlined in rule 5250(e)(7) [[1]](https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2023-650). According to this rule, a company must notify NASDAQ about a reverse stock split at least 5 business days prior to the market effective date of the split. The notification must be submitted no later than 12 p.m. ET and should include a complete Company Event Notification Form along with other required supporting documentation [[1]](https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2023-650).

To summarize, the new NASDAQ requirement for alerting shareholders of an RS includes the following:

1. Notification Timing: The company must notify NASDAQ at least 5 business days prior to the market effective date of the reverse stock split.
2. Submission Deadline: The notification must be submitted no later than 12 p.m. ET.
3. Required Documentation: The company must submit a complete Company Event Notification Form and other necessary supporting documentation.

FiReBiTriXiEOP Method tr4der: Companies that fail to adhere to NASDAQ's new rule on notifying shareholders of a reverse stock split (RS) may face several repercussions. It is important for companies to comply with these rules to maintain transparency and accountability to their shareholders. While the specific consequences may vary, here are some potential repercussions:

1. Non-compliance notice: NASDAQ may issue a non-compliance notice to the company, informing them of their failure to adhere to the rule.

2. Warning letters: NASDAQ may send warning letters to the company, urging them to rectify the non-compliance and take necessary actions to comply with the rule

3. Fines and penalties: NASDAQ has the authority to impose fines and penalties on companies that fail to comply with the rules. The amount of the fine or penalty may vary depending on the severity of the non-compliance

4. Delisting: In extreme cases of non-compliance or repeated violations, NASDAQ may initiate delisting proceedings against the company. Delisting would remove the company's shares from trading on the NASDAQ exchange, which can have significant negative consequences for the company's liquidity and reputation .

)((((5. Legal consequences: Non-compliance with NASDAQ rules may also expose the company to potential legal actions from shareholders or regulatory authorities. Shareholders may file lawsuits alleging breach of fiduciary duty or lack of transparency, which can result in financial damages and reputational harm ))))

It is important for companies to take these repercussions seriously and ensure compliance with NASDAQ's rules to maintain a positive relationship with shareholders and regulatory authorities.

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