About the name/ticker change: NOT A BASH POST.
Post# of 40991
(Total Views: 299)
Posted On: 05/11/2018 6:29:13 PM
About the name/ticker change:
NOT A BASH POST.
So apparently it usually is a quick step to happen. It's not supposed to take long at all. So something is up or Steve isn't telling us the whole truth about what is going on and why it's taking so long to get this changed over.
This is from another investor forum btw...
"Ticker symbol is an exchange thing and is very quick, the corporate name change is a different thing and requires several steps. The articles of incorporation must be amended, or dissolved and then reorganized, first in the state of incorporation, then with the SEC. There is a big difference in the procedure if subsidiary entities are involved or corporate structure is changed. When Phillip Morris changed it's name to Altria it was a matter of filing with the State (Delaware I believe) and amending the corporate documents to reflect the change. When your PLKC changes it's name, it involves a subsidiary entity actually exchanging it's stock for PLKC, and a significant change in corporate structure, so they will have to dissolve the corp and reorganize the new corp with new (founding) documents. Since they are doing all of this and doing several cash raising maneuvers they will have to go through an independent audit, receive OK from the state, then submit the documents to the SEC for review and/or acceptance. Then they will apply to the exchange for a new symbol. It appears these things have been done and they are waiting on the SEC for final approval, which can take as little as 30 days if everything is perfect and the company is appropriately capitalized, or years if not.
The SEC website has the regulations but it's very cumbersome and hard to find the info in a readable form."
NOT A BASH POST.
So apparently it usually is a quick step to happen. It's not supposed to take long at all. So something is up or Steve isn't telling us the whole truth about what is going on and why it's taking so long to get this changed over.
This is from another investor forum btw...
"Ticker symbol is an exchange thing and is very quick, the corporate name change is a different thing and requires several steps. The articles of incorporation must be amended, or dissolved and then reorganized, first in the state of incorporation, then with the SEC. There is a big difference in the procedure if subsidiary entities are involved or corporate structure is changed. When Phillip Morris changed it's name to Altria it was a matter of filing with the State (Delaware I believe) and amending the corporate documents to reflect the change. When your PLKC changes it's name, it involves a subsidiary entity actually exchanging it's stock for PLKC, and a significant change in corporate structure, so they will have to dissolve the corp and reorganize the new corp with new (founding) documents. Since they are doing all of this and doing several cash raising maneuvers they will have to go through an independent audit, receive OK from the state, then submit the documents to the SEC for review and/or acceptance. Then they will apply to the exchange for a new symbol. It appears these things have been done and they are waiting on the SEC for final approval, which can take as little as 30 days if everything is perfect and the company is appropriately capitalized, or years if not.
The SEC website has the regulations but it's very cumbersome and hard to find the info in a readable form."
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