Why hasn’t Jason filed a corporate action in Ne
Post# of 1861
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Posted On: 07/19/2018 9:47:39 AM
Why hasn’t Jason filed a corporate action in Nevada relating to the acquisition of data 443 as a wholly owned subsidiary of Landstar Inc.
If you look up the rules of FINRA you will discover the following FACTS:
FINRA FREQUENTLY ASKED QUESTIONS (at FINRA.org)
4. Q- are there any reasons when an OTC voluntary symbol change will not be granted? Or are there any time restrictions when requesting a voluntary OTC symbol change request?
A- YES, FINRA will not process a voluntary symbol request if the issuer has either an announced corporate action or symbol change within the past 60 days.
So what does this mean for us?
It’s actually quite simple.
When Jason took over the Nevada shell, the final Corp action ( one including the demolishing of that note ) it was May 1st 2018.
Do the math...what’s May 1st plus 60 days?
June 29th. Same day as the shell abandonment.
What else came out on June 29th?
Jason’s shareholder letter that stated;
3) The Company is processing updated paperwork with FINRA for an updated trading symbol and possible name change.
!
He couldn’t file a Corp action because he wouldn’t be able to validate the ticker change!
So to summarize, ticker change and “possible” name change is closing in on us.
There is no toxic debt and the company is CLEARLY making money that will likely make Q3 an upside suprise (that is conjecture only).
If you look up the rules of FINRA you will discover the following FACTS:
FINRA FREQUENTLY ASKED QUESTIONS (at FINRA.org)
4. Q- are there any reasons when an OTC voluntary symbol change will not be granted? Or are there any time restrictions when requesting a voluntary OTC symbol change request?
A- YES, FINRA will not process a voluntary symbol request if the issuer has either an announced corporate action or symbol change within the past 60 days.
So what does this mean for us?
It’s actually quite simple.
When Jason took over the Nevada shell, the final Corp action ( one including the demolishing of that note ) it was May 1st 2018.
Do the math...what’s May 1st plus 60 days?
June 29th. Same day as the shell abandonment.
What else came out on June 29th?
Jason’s shareholder letter that stated;
3) The Company is processing updated paperwork with FINRA for an updated trading symbol and possible name change.
!
He couldn’t file a Corp action because he wouldn’t be able to validate the ticker change!
So to summarize, ticker change and “possible” name change is closing in on us.
There is no toxic debt and the company is CLEARLY making money that will likely make Q3 an upside suprise (that is conjecture only).
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Louis Pasteur -- chance favours only the prepared mind.
Lecture, University of Lille (7 December 1854)
Lecture, University of Lille (7 December 1854)