It isn't about supporters or non-supporters, it's about the rules regulations that have to be followed.
"When an empty shell is gridlocked by state forfeitures, federal liens, and multi-million dollar liabilities, FINRA Rule 6490 serves as the ultimate gatekeeper. The company is legally required to file a formal corporate action notice with FINRA at least 10 days prior to any major change.
FINRA has the explicit authority to refuse or halt these actions (splits, name changes, mergers) if the issuer fails to provide certified active state corporate certificates, or if FINRA's review uncovers incomplete disclosures, regulatory deceit history, or questionable managerial authority.
To pull off a legitimate reverse merger, the public entity must simultaneously file a comprehensive Form 8-K containing Form 10 information (commonly known as a 'Super 8-K'
with the SEC within four business days of the transaction, forcing the absolute disclosure of those exact underlying debts."
PL
"When an empty shell is gridlocked by state forfeitures, federal liens, and multi-million dollar liabilities, FINRA Rule 6490 serves as the ultimate gatekeeper. The company is legally required to file a formal corporate action notice with FINRA at least 10 days prior to any major change.
FINRA has the explicit authority to refuse or halt these actions (splits, name changes, mergers) if the issuer fails to provide certified active state corporate certificates, or if FINRA's review uncovers incomplete disclosures, regulatory deceit history, or questionable managerial authority.
To pull off a legitimate reverse merger, the public entity must simultaneously file a comprehensive Form 8-K containing Form 10 information (commonly known as a 'Super 8-K'
with the SEC within four business days of the transaction, forcing the absolute disclosure of those exact underlying debts." PL
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