New auditors are the same as the old auditors. How

New auditors are the same as the old auditors. How hard is it to file a 14C and a 14F? Guess this tells us we can expect the filings to take much longer and maybe into July if we are lucky. Nice work new auditors. Below is from Mar 17.


Specifically, Section 14(c) of the Exchange Act (as defined above) provides that, in lieu of a vote taken of shareholders pursuant to a Proxy Statement, “…such issuer shall in accordance with the rules of the Commission and transmit to all holders of record such security information substantively equivalent to the information which would be required to be transmitted if a solicitation were made…”; and Rule 14c-5 of the Exchange Act requires that the associated Schedule 14-C “…shall be filed with the Commission at least 10 calendar days prior to the date definitive copies of such statement are first sent or given to security holders… New Company management has instructed securities counsel to prepare and file the Schedule 14-C immediately), the current and prospective Board now being aware that the proposed increase in common shares is not effective under the applicable Rules 14c-1 et al until such Information Statement is filed, copies are sent to all Company shareholders and, thereafter, 10 days have passed