The story per SB is that when the accounting firm was doing it's audit, the DE debt came up, and they couldn't proceed until that debt was satisfied with a Letter of Good Standing. All other events were postponed at that point. Of course he found out about this in Dec 2017 but did not disclose until after financials were released on 1/31/18 which was his hyped promised date that released financials would be audited.

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Apparently, the way the story is being told, a name and ticker change can not be granted by FINRA prior to the Delaware debt being settled since the debt belongs to the current company name. Does anyone know if FINRA was contacted regarding application for name/company change which led to this discovery by SB that the Delaware debt needed to be settled? I will check with FINRA, but my previous experience with another ticker that received a change, is FINRA will not discuss the application review process with the public regarding acceptance or denial. I’m uncertain if they will disclose receiving a request application.

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