Hy, the signed S1 has to be submitted to the SEC f
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Posted On: 12/06/2019 4:51:02 PM
Hy, the signed S1 has to be submitted to the SEC for registration. Joe has done all he can - it is now up the regulators. He did exactly what he said he would on the CC last week, so don't be frustrated with him. I had another stock that it took about 3 weeks between submitting the S1 and the SEC registering it - I don't know if that is average, below or above.
If you're going to be frustrated, aim it at the attorneys and regulators. I suspect 90% of the delays that occur are initiated in those arenas, which Joe cannot control. I could tell you stories about deals I was involved with when I worked for a major corporation, and everyone of them had twists and turns that ALWAYS delayed the outcome beyond what was expected or desired. Just the way it is.
If you're going to be frustrated, aim it at the attorneys and regulators. I suspect 90% of the delays that occur are initiated in those arenas, which Joe cannot control. I could tell you stories about deals I was involved with when I worked for a major corporation, and everyone of them had twists and turns that ALWAYS delayed the outcome beyond what was expected or desired. Just the way it is.
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