$UNVC ---- I have a theory that I believe is
Post# of 4861
I have a theory that I believe is worth considering. Just The 5 and I were talking about our Univec investment, and we were wondering why Dalton hadn't filed anything yet. At this point Just The 5 said rather matter of factually that Dalton had Univec listed on the Nasdaq years ago, so how hard would it be to get relisted? Suddenly, a light bulb came on.
Dalton filed to become a dark non-reporting company, and relisting on the Nasdaq in my opinion only requires the reverse of this process. This means Dalton needs to produce financials for all years he was non-reporting, proof of revenues, required number of shareholders, and other specifics along with the required form to become fully reporting together with signed attorney letter or letters testifying to the truthfulness and validity of all documents. Presto, Univec would then be back on Nasdaq and he would not have to disclose anything to shareholders until the process is all done and complete. Being a dark and non-reporting company allows him to proceed without the typical disclosures --- so no one knows it is even happening.
Keep in mind that a Nasdaq company typically is required to maintain a closing price above $4.00 for a period of at least thirty days, and so most companies list at between $7.00 and $10.00 to prevent any kind of games that could drive the price below that level. I would need to research further to see if any other criteria is required, but I suspect it actually may be this simple.
Now, if other companies are being merged into the conglomerate at this same time, then that could complicate the up-listing, but my guess is all those bases are already covered.
Something to think about while we wait for what could be a life changing event. All in my opinion of course.
Kgem