Regarding the latest nonsense on iHub: Wow, a new
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Posted On: 01/09/2022 8:55:57 AM
Regarding the latest nonsense on iHub:
Wow, a new low in stupidity has been reached. I didn’t think that was possible.
The Nevada SOS and FINRA are two completely separate things. A company can change its name at the SOS where it is domiciled and not have the change take effect at FINRA yet, or ever, if they so choose. One doesn’t have anything to do with the other. There is no law that says ticker symbols need to match, or be abbreviations for the company name.
Of course you can’t find Energy 1 Corp. at Nevada SOS. The name was changed. It won’t exist in their database.
The purpose of the FINRA review, and why it takes so long, is that a ticker change involves a cusip change, which involves a review of the shares issued, in addition to other company information and history. The company name filed at the SOS has nothing to do with it.
OTC Markets is a publishing site, and the company can update that when they want to. It’s not a regulatory site. Updates to the EGOC pages at OTC Markets have slowly updated over time while this reverse merger is happening. Energy 1 will probably be gone from there when the ticker change happens, but it could occur sooner. I don’t know and I don’t care. It means nothing.
What does matter is the name change from Energy 1 to China Yicheng Technology was disclosed in the 9/30 quarterly from 11/15 in the subsequent events section. Of course that quarterly was filed as Energy 1. The company was still called Energy 1 as of that quarter’s end. The name change was…you guessed it…a SUBSEQUENT EVENT. It happened in October. By my calendar, October comes after September.
If you’re going to come on this board peddling wild nothingburger conspiracy theories, be better. Be smarter. Work harder.
Wow, a new low in stupidity has been reached. I didn’t think that was possible.
The Nevada SOS and FINRA are two completely separate things. A company can change its name at the SOS where it is domiciled and not have the change take effect at FINRA yet, or ever, if they so choose. One doesn’t have anything to do with the other. There is no law that says ticker symbols need to match, or be abbreviations for the company name.
Of course you can’t find Energy 1 Corp. at Nevada SOS. The name was changed. It won’t exist in their database.
The purpose of the FINRA review, and why it takes so long, is that a ticker change involves a cusip change, which involves a review of the shares issued, in addition to other company information and history. The company name filed at the SOS has nothing to do with it.
OTC Markets is a publishing site, and the company can update that when they want to. It’s not a regulatory site. Updates to the EGOC pages at OTC Markets have slowly updated over time while this reverse merger is happening. Energy 1 will probably be gone from there when the ticker change happens, but it could occur sooner. I don’t know and I don’t care. It means nothing.
What does matter is the name change from Energy 1 to China Yicheng Technology was disclosed in the 9/30 quarterly from 11/15 in the subsequent events section. Of course that quarterly was filed as Energy 1. The company was still called Energy 1 as of that quarter’s end. The name change was…you guessed it…a SUBSEQUENT EVENT. It happened in October. By my calendar, October comes after September.
If you’re going to come on this board peddling wild nothingburger conspiracy theories, be better. Be smarter. Work harder.
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