All the GDSM bag holders are so excited about Marc
Post# of 390
All the GDSM bag holders are so excited about Marc stating that GDSM will apply to up list, but that was last November. Now four months later, not a word. No Form 211 has been filed under Rule 15c2-11.
SEC Rule 15c2-11 was designed to allow non-reporting public company's securities to be quoted on NASDAQ's Over-the-Counter Bulletin Board ("OTCBB") by filing certain required disclosures through a FINRA member Market Maker. To be eligible for a quotation of its securities, the company's market maker must file a Form 211 with FINRA and the company must have sufficient free trading stock in its public float to satisfy Rule 15c2-11.
Companies seeking to obtain a quote on the NASDAQ OTCBB are required to file reports with the SEC. Under Section 15 of the Securities Exchange Act of 1934 (the "Act"), as amended, a company who has filed a registered offering with the SEC, such as an SB-1 or SB-2 registration statement, is required to file reports for one year. A company which files a Form 10 or Form 10SB (for small business issuers) becomes a reporting company under Section 12g of the Act and must file reports.
For a company that had no transactions other than Share Structure changes, issuing and selling shares and issuing fake PRs doesn't anyone wonder why in four months of working with the auditor not one form has been filed???