I will keep waiting. I believe it was you, Do
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Posted On: 09/09/2020 4:32:19 PM
I will keep waiting.
I believe it was you, Doc, who received an email on this topic from the SEC. Can you (or whoever else it was) please post your relevant SEC exchange again?
Albert, please check the dates on the NGIO Edgar site. The Form 10 12-G was filed on 3-12. The SEC's letters of non-cooperation came on 4-9, 5-6, and 6-5. So I remain unconvinced that the SEC allowed an automatic approval to occur when they were still requesting information on that same document... and were explicitly not receiving that information, thus these embarrassing public filings.
There have been 3 amendments filed since then as well.
Whatever the technical case, any investor who is looking into this company and takes the time to read the information on the SEC site shouldn't have to take a class in SEC regulation to comprehend what the heck is going on. If these filings were the only non-PR info available to you on the potential spinout of a company that wants to shortly have a valuation of ~$2B on the NAZ, would you be interested? I sure wouldn't.
It's another example of why we have no upward pressure on the share price and there are no new investors jumping in.
So feel free to keep thumbs-downing every one of my posts, but I believe I have a pretty good case for skepticism on this matter.
I believe it was you, Doc, who received an email on this topic from the SEC. Can you (or whoever else it was) please post your relevant SEC exchange again?
Albert, please check the dates on the NGIO Edgar site. The Form 10 12-G was filed on 3-12. The SEC's letters of non-cooperation came on 4-9, 5-6, and 6-5. So I remain unconvinced that the SEC allowed an automatic approval to occur when they were still requesting information on that same document... and were explicitly not receiving that information, thus these embarrassing public filings.
There have been 3 amendments filed since then as well.
Whatever the technical case, any investor who is looking into this company and takes the time to read the information on the SEC site shouldn't have to take a class in SEC regulation to comprehend what the heck is going on. If these filings were the only non-PR info available to you on the potential spinout of a company that wants to shortly have a valuation of ~$2B on the NAZ, would you be interested? I sure wouldn't.
It's another example of why we have no upward pressure on the share price and there are no new investors jumping in.
So feel free to keep thumbs-downing every one of my posts, but I believe I have a pretty good case for skepticism on this matter.
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