I don't think so, Doc. If Joe/GNBT have to go thr
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Posted On: 09/19/2019 9:13:51 AM
I don't think so, Doc. If Joe/GNBT have to go through legal and regulatory hurdles (per the email saying they are complete), then there is a process that has to be adhered to. I don't believe the OTC would then just be able to ignore those procedures and say "we'll update the counts when we get around to it". What we don't know is what the time frame is that is specified for this type of transaction - is there a three day settlement timeline like a trade, or is it much longer because of the complexity of rounding up the correct stock certificates that are being retired.
Maybe Joe knows what the policy is...can he give us a generic description of the time line between paperwork being filed and the shares actually being retired via public information?
Maybe Joe knows what the policy is...can he give us a generic description of the time line between paperwork being filed and the shares actually being retired via public information?
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