https://www.sec.gov/Archives/edgar/data/1653821/00
Post# of 1288
(Total Views: 1545)
Posted On: 03/19/2018 1:12:30 PM
https://www.sec.gov/Archives/edgar/data/16538...ename1.pdf
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Why hasn't this been resolved? SEC told CEN Biotech that shares won't trade because management didn't register the shares with the SEC prior to the spinoff, the spinoff was not a pro-rata distribution, and shareholders didn't receive adequate information prior to the spinoff.
SEC sent a final letter saying it was terminating its coverage. So Cen biotech will never trade until this gets resolved.
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Cso CEN is stuck in limbo until Bill explains to the SEC why CEN didn't register the shares prior to the spin-off. But even if he provides an explanation, it doesn't seem like the SEC will be satisfied.
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