Posted On: 12/03/2014 9:04:32 PM
Post# of 2102
No one can give a definitive date because no one can know for certain, CEO included.
Achillez Wednesday, 12/03/14 07:30:53 PM
Re: myround0 post# 52061
Post # of 52063
No one can give a definitive date because no one can know for certain, CEO included.
Don't you think he would have liked to have this done in May like he originally thought or do you think he would rather continue spending thousands of dollars on audits and filing fees?
This is a very fluid situation. This management team has never taken a company public via a reverse merger with a public shell company before. They are learning as they go. They were anticipating being approved by the SEC right away, they were. Then they anticipated being approved by FINRA right away, they weren't. So they had to go back and make some changes. Things will get done. Rest assured. Ask yourself if the CEO would continue to keep up with filing deadlines if he really wasn't planning on seeing this through to completion. Also, remember that USG1 did plenty of DD before ever agreeing to sell their public shell to Garth and Canwealth in the first place. If you can't stand the wait, you should sell. If not, you should consider it a gift that you can pick up some shares at .0003 on a fire sale.
I am willing to bet Garth is at least as frustrated as anyone else that there have been delays. The entire merger/going public process has taken 2 years now... and it appears Garth has sunk well over $100k of his own cash into this according to the filings. He's got more at stake than anyone...
Achillez Wednesday, 12/03/14 07:30:53 PM
Re: myround0 post# 52061
Post # of 52063
No one can give a definitive date because no one can know for certain, CEO included.
Don't you think he would have liked to have this done in May like he originally thought or do you think he would rather continue spending thousands of dollars on audits and filing fees?
This is a very fluid situation. This management team has never taken a company public via a reverse merger with a public shell company before. They are learning as they go. They were anticipating being approved by the SEC right away, they were. Then they anticipated being approved by FINRA right away, they weren't. So they had to go back and make some changes. Things will get done. Rest assured. Ask yourself if the CEO would continue to keep up with filing deadlines if he really wasn't planning on seeing this through to completion. Also, remember that USG1 did plenty of DD before ever agreeing to sell their public shell to Garth and Canwealth in the first place. If you can't stand the wait, you should sell. If not, you should consider it a gift that you can pick up some shares at .0003 on a fire sale.
I am willing to bet Garth is at least as frustrated as anyone else that there have been delays. The entire merger/going public process has taken 2 years now... and it appears Garth has sunk well over $100k of his own cash into this according to the filings. He's got more at stake than anyone...
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