(Total Views: 369)
Posted On: 08/08/2018 7:48:49 AM
Post# of 87121
There is something not quite right with your story...
An officer in a company cannot choose when to file with the SEC, all filings are time sensitive,quarterly reports (10q's), yearly reports (10k's) have 15 days past their due date, 8k's which are significant events have 3 days to file with the SEC to let their shareholders know the change of event. Request for documentation regarding reverse mergers both sides have 45 days to clarify the defect.
I am suspecting it is the usual, send a filing to FINRA, wait up to the allowable delay of 45 days for them to answer, then FINRA will demand another clarification and they will take another 45 days to review the companies documents,etc.....etc....
If an officer of the company is telling you any different please let me know and I will immediately hit the sell button.
An officer in a company cannot choose when to file with the SEC, all filings are time sensitive,quarterly reports (10q's), yearly reports (10k's) have 15 days past their due date, 8k's which are significant events have 3 days to file with the SEC to let their shareholders know the change of event. Request for documentation regarding reverse mergers both sides have 45 days to clarify the defect.
I am suspecting it is the usual, send a filing to FINRA, wait up to the allowable delay of 45 days for them to answer, then FINRA will demand another clarification and they will take another 45 days to review the companies documents,etc.....etc....
If an officer of the company is telling you any different please let me know and I will immediately hit the sell button.
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