After reading the address again it looks like they
Post# of 15187
(Total Views: 344)
Posted On: 01/02/2018 9:10:01 AM
After reading the address again it looks like they were looking for and having a problem finding a market maker to file the form 211. No matter what else they did without that key factor HJOE would never trade again.
Quote:
One of the things the SEC will want, when a registration statement is presented, is broker dealer to submit a form 211. At one time that was fairly routine, but these days finding someone who will do that is very difficult, and finding one who is not affiliated with the toxic lenders is even harder. What would it take for the new firm to step forward? We would certainly need to be in a position where the toxic loans are not an issue. Can that be done? Yes. Have we identified a firm that will do the 211, that is not tainted by the toxic lender issue? Tentatively yes.
if we go this route we have a market maker not beholden to the toxic lenders (harder to find than you may think), a new transfer agent that uses the blockchain, a new securities firm, and a whole new financial infrastructure.
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