Hey LV,
A DL isn't available to a currently public reporting company, it would have to be an entirely 'new' entity - on that we can agree, and that is exactly what I have stated in the past. I even went so far to suggest that it might explain why the DE SOS and OTCM names don't match, perhaps Doc had done it purposely so could use 'Univec Conglomerate' as the new entity.
If Doc reported all required financials up thru the Dec. 31, 2020 financials, on Monday, UNVC would be 'current'. Agreed?
This is where we disagree. The audited accounts would still have to be reviewed and approved, along with the attorney letter before the dark status could be lifted - which is why the OTC are requesting all filings are submitted at least THREE MONTHS in advance of the new regulations coming into effect on the 28th September. Just filing them does not automatically give 'current' status when emerging from 'dark', especially when the stock is also designated ‘stop’ - you may be confusing the situation with an existing reporting company who is simply late in filing a quarterly, rather than one who has voluntarily filed a 15-12g to become completely non-reporting. This is why I maintain there is no possibility of Doc currently being in a quiet period.
Something to bear in mind, a direct listing can be applied for confidentially - whereas filing the reports to become pink current / fully reporting cannot - the filings and attorney letter would be public and viewable via OTCM upon submission, as always.
If it is a traditional uplist, prior to any of this Doc would also have to address the naming discrepancy as the DE SOS (Univec Conglomerate Inc) and OTCM (Univec Inc) do not currently match. Also, if Pink Current status were conditionally approved, Doc would still have to appoint a Verified Transfer Agent as he cannot act as his own TA once fully reporting.
All of these steps take time - but once they have been processed and approved UNVC would indeed be 'Pink Current'. Then they would still have to meet the criteria for an upper exchange (pps / shareholder / assets) before being legible to apply for uplist. If the standards are met, NASDAQ normally takes 4-6 weeks to process a listing application, but it can shortened considerably if no issues are raised.
Nothing would please me more than to see everyone invested in Univec becoming overnight millionaires - but when you look at the obstacles involved, the processes that must be followed, and the timeframes those processes dictate - I think the best we can hope for is UNVC achieving Pink Current status prior to the onset of the new regs.
I’m not trying be combative (or disparaging) toward other investors, I’m certainly not out to discredit Doctor Dalton or UNVC, and I’m most definitely not trying to get cheap shares as I am not buying and nor do I need any more - I’m just an objective investor who deals in facts.
GLTA
A DL isn't available to a currently public reporting company, it would have to be an entirely 'new' entity - on that we can agree, and that is exactly what I have stated in the past. I even went so far to suggest that it might explain why the DE SOS and OTCM names don't match, perhaps Doc had done it purposely so could use 'Univec Conglomerate' as the new entity.
If Doc reported all required financials up thru the Dec. 31, 2020 financials, on Monday, UNVC would be 'current'. Agreed?
This is where we disagree. The audited accounts would still have to be reviewed and approved, along with the attorney letter before the dark status could be lifted - which is why the OTC are requesting all filings are submitted at least THREE MONTHS in advance of the new regulations coming into effect on the 28th September. Just filing them does not automatically give 'current' status when emerging from 'dark', especially when the stock is also designated ‘stop’ - you may be confusing the situation with an existing reporting company who is simply late in filing a quarterly, rather than one who has voluntarily filed a 15-12g to become completely non-reporting. This is why I maintain there is no possibility of Doc currently being in a quiet period.
Something to bear in mind, a direct listing can be applied for confidentially - whereas filing the reports to become pink current / fully reporting cannot - the filings and attorney letter would be public and viewable via OTCM upon submission, as always.
If it is a traditional uplist, prior to any of this Doc would also have to address the naming discrepancy as the DE SOS (Univec Conglomerate Inc) and OTCM (Univec Inc) do not currently match. Also, if Pink Current status were conditionally approved, Doc would still have to appoint a Verified Transfer Agent as he cannot act as his own TA once fully reporting.
All of these steps take time - but once they have been processed and approved UNVC would indeed be 'Pink Current'. Then they would still have to meet the criteria for an upper exchange (pps / shareholder / assets) before being legible to apply for uplist. If the standards are met, NASDAQ normally takes 4-6 weeks to process a listing application, but it can shortened considerably if no issues are raised.
Nothing would please me more than to see everyone invested in Univec becoming overnight millionaires - but when you look at the obstacles involved, the processes that must be followed, and the timeframes those processes dictate - I think the best we can hope for is UNVC achieving Pink Current status prior to the onset of the new regs.
I’m not trying be combative (or disparaging) toward other investors, I’m certainly not out to discredit Doctor Dalton or UNVC, and I’m most definitely not trying to get cheap shares as I am not buying and nor do I need any more - I’m just an objective investor who deals in facts.
GLTA
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