hi folks, I was trading the ultra low otc and pink sheet stock, you know like 0.02 cents per share for a while and wow did I make some nice profits in the first month. Well it didn`t last long aye and the next month the fun began. The reverse splits were coming left - right - and centre, eg reverse split 1000:1, so a price at 0.02 cents before the split should in theory become 20 cents a share. Well folks before the day was over that 20 cents share dropped to 10 or even 4 cents a share and I lost 50-80% on my gamble. That is if I was quick enough to sell the first day, otherwise my losses would even be higher! Now I wonder if these reverse splits must be filed somewhere, BEFORE the company can implement these changes? Any help would be greatly appreciated.