johnnycomelately9 Saturday, 11/01/14 07:32:
Post# of 2102
Posted On: 11/01/2014 7:52:00 PM
johnnycomelately9 Saturday, 11/01/14
07:32:07 PM
Re: Karlor post# 50611
Post # of 50618
Yes. If you take the time to look at the filings you will see that it was refiled as an S/1A in November 2013. Yes IPO's really take this long sometimes. You might think no difference it started July 2013 but the filing you linked from July was to raise 1.5M. Canwealth canceled that and resubmitted 4 months later in order to raise 15M... Why would they do that if they didn't have a plan lined up for the long-term when they could of got that accepted quicker? Regardless, the SEC approved them December 19th (don't you think they did their hw to make sure not a scam?) so why so much worry on this board? Since they were declared effective by the SEC they had to wait until they filed their 10-K in April to apply for their symbol. 60 days after that they were qualified to get their symbol from FINRA, 100 + now and they haven't and panic set in, at least for their largest shareholders ICBT who's price had fallen over 70%. We all know these processes take time and that they had to respond to some questions, but to me they're trying to get full transparency and clarity; so though not a slam dunk, we know ICBT owns 38,648,077 shares of Canwealth. With IPO opening at $1.00 ICBT's future should be enormous if their private company that they own 60% of goes public for real. Always a question in pinks, much less trips, still I think Garth is trying to increase shareholder value. I hope the IPO will do that.
http://www.nasdaq.com/markets/ipos/filing.ash...id=9203760
07:32:07 PM
Re: Karlor post# 50611
Post # of 50618
Yes. If you take the time to look at the filings you will see that it was refiled as an S/1A in November 2013. Yes IPO's really take this long sometimes. You might think no difference it started July 2013 but the filing you linked from July was to raise 1.5M. Canwealth canceled that and resubmitted 4 months later in order to raise 15M... Why would they do that if they didn't have a plan lined up for the long-term when they could of got that accepted quicker? Regardless, the SEC approved them December 19th (don't you think they did their hw to make sure not a scam?) so why so much worry on this board? Since they were declared effective by the SEC they had to wait until they filed their 10-K in April to apply for their symbol. 60 days after that they were qualified to get their symbol from FINRA, 100 + now and they haven't and panic set in, at least for their largest shareholders ICBT who's price had fallen over 70%. We all know these processes take time and that they had to respond to some questions, but to me they're trying to get full transparency and clarity; so though not a slam dunk, we know ICBT owns 38,648,077 shares of Canwealth. With IPO opening at $1.00 ICBT's future should be enormous if their private company that they own 60% of goes public for real. Always a question in pinks, much less trips, still I think Garth is trying to increase shareholder value. I hope the IPO will do that.
http://www.nasdaq.com/markets/ipos/filing.ash...id=9203760
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