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SK3 Group Inc. SKTO
Posted On: 09/13/2013 1:21:12 PM
Post# of 36729
Posted By: bellsandwhistles
Benz on AEGY divi and CUSIP/Name timeline hint:  "People can deduce  from this what they wish (i.e., figure out new CUSIP approximate date), but I'm not giving hard and fast deadlines on this at this point. As soon as AEGY registers the shares that are to be distributed by SK3 as a dividend, the dividend will happen. AEGY can't do a registration on this, we've been told, until after it completes an audit and files its annual report on Form 10-K for the year ended July 31, 2013. That is due at the end of October (2013). So, at some point, in now a much shorter time than before, in the coming months, that will happen but I can't put a date on it at this point."

Read above in light of this comment by Benz:

"The short answer is the CUSIP change will happen as part of the merger and name change.  There are many steps to get through the process but the final one is: FINRA Notice to the Broker Community of the Merger, a reverse in the new CUSIP number. Effectively, we will look to have this (i.e, new CUSIP/Name ) done at the same time as the merger and the AEGY dividend distribution. It's because of the vagaries of the process that it's hard to put an exact date on that."

















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