Now I may be wrong but I read that a few times and the way I’m reading it is that if the conpany has any corporate “actions” (which I do not know what qualifies) during the name change process (So they turned in all their stuff and they have some sort of corporate action coming up during the waiting period to be processed) a certain form must be submitted 10 days before that action takes place or the company will need to pay an additional fee to have it processed seperately (so essentially missing paperwork will need to filed and they gotta pay a fee). That’s how I read it. I don’t think they would ever stipulate a time period for how long it would take for ticker change. Due to amount of paperwork and every company being different situations, some are gonna take place in a few days, others a few months. No two situations are the same. I just worked on some in depth contract negotiations few weeks ago and it’s crazy how some of this legal mumbo jumbo wording can be so twisted and complicated to describe something so simple. Seems like lawyers draw this stuff up to make the guy without their JD feel stupid. In essence I believe it says once again “If you have any corporate actions taking place during ticker change that you know about, submit that paperwork to FINRA ten days before it happens or you are late and have to pay additional fee.”
I have no idea when they filed the paperwork. I would hope that it was shortly after the change at Wyoming. I understand they are working on their own timeline but they know how antsy some investors are getting and one would hope they would make the ticker change a high priority.
Maybe someone else can take a stab at it, but that’s how I read it and I don’t think it has anything to do with a timeframe for being approved. GLTA.
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