Under Section 12(g) and Rule 12h-3 of the Exchange Act, the
Under Section 12(g) and Rule 12h-3 of the Exchange Act, the 300-holder threshold is the standard "off-ramp" for companies to stop reporting. The strategy to use it as an "on-ramp" is a recognized tactic for shareholders, but keep in mind that the company may attempt a reverse stock split to consolidate holders if they are determined to remain "dark."
Using the DRS/Rule 12h-3 approach is shareholders most effective tool because the "physical" company is so opaque. By forcing the company to return to SEC reporting, it comple Dr. Dalton to provide PCAOB-audited financials.
These audits would require a disclosure of actual assets, including where the "AI platform" is hosted, who is building it, and whether the company owns any tangible property
WE all invested here want UNVC to prevail!!!
Not legal or financial advice.
PL
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