Jun. 27 at 5:29 PM
$GDC More on how Nevada corporations are unfriendly to retail shareholders. Someone asked for proof a formal shareholder vote isn’t always required for reverse splits in Nevada.
Here’s a clear example:
$FCUV (Nasdaq). I have others.
They did 3 reverse splits in 18 months with no vote from retail shareholders.
1) First: Jan 2025, used NRS 78.207 (Board approval only)
2 & 3) Gained written consent from insiders/aligned holders in Oct 2025 to give the Board blanket authority (up to 200:1), then in Feb 2026 and again in June 2026 executed two reverse splits without asking retail in a vote.
I have NO IDEA what GDC has planned next, and am not throwing them under the bus yet, but being informed about Nevada laws helps you optimize your trading strategy in these risky trades.
🚩Nevada law heavily favors management on this. Retail often has little real say. Screenshots below.
