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https://www.otcmarkets.com/filing/html?id=16366969&guid=CsO-knHBQ4wfJth
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 1, 2023, Jason Black resigned as director and from all offices of the Company. In consideration of severance to Mr. Black the Company divested its remaining subsidiary, Cannequipt LLC, and assigned its sole control to Mr. Black. The Company also assigned its loan agreements in "Cannagram" to Mr. Black. The Company has retained all ownership and rights to the "C-Juice" lines of CBD and Delta 8 products. The Company has also retained its hemp farming lease agreement in Glencoe, Oklahoma.
On February 1, 2023, Jason Tucker was appointed as Director, President, CEO, Secretary and Treasurer of the Company. Mr. Tucker has 18 years of experience in Business Development and Project Management. From December of 2020 to October of 2021 Mr. Tucker was CEO of General Environmental Management, Inc. (GEVI), where Mr. Tucker oversaw its successful audit and return to current reporting with the SEC after a decade of dormancy.
It’s in EM so how could you possibly pump a ticker. The accusation is utterly laughable.
Look at the 8k filed on 2/6/23.
That’s a bunch of horse shit.
I said OTC Markets said it would not go to EM, in a 30 minute phone call interrogation with 2 others on that call with me. OTCMarkets lied.
Even sillier someone that has no skin in the game constantly posting. The problem is financials WE GET IT. The auditor caused a major setback. They are fixing all the issues. No need to regurgitate the same shit. Over and over. It’s all good over here. We will roll with it. You, on the other hand, won’t let it go.
Tuesday 7/9
CNNA "is not current in its reporting requirements" so no any corporate actions like a name change or merger will not be approved by the SEC.
CNNA "is not current in its reporting requirements" so no corporate actions like a name change or merger will be approved by the SEC.
FINRA Rule 6490, has evolved since it was enacted over two years ago. For some time, FINRA has required that issuers provide expansive disclosures and supporting documentation not only for the corporate change subject to the notice but for the company’s entire corporate history from inception.
These disclosures are required of both SEC reporting and non-reporting issuers if they undertake corporate actions including reverse mergers. Compliance with Rule 6490's requirements is a minor task for companies going public by filing a registration statement with the SEC. Companies filing registration statements rarely have difficulties obtaining DTC eligibility unlike reverse merger issuers.
The public filings of companies who register with the SEC contain most of the supporting documentation required by Rule 6490.
It is no surprise that compliance with the requirements of Rule 6490 is less burdensome for companies going public using a registration statement because these companies have fewer corporate changes in their company history than companies engaging in reverse mergers. This is especially true for reverse merger issuers who undergo multiple changes of control and periods of inactivity.
The Problem with Reverse Mergers & Disclosure under Rule 6490
For companies that engage in reverse mergers as part of their going public transaction, compliance with Rule 6490's requirements can be impossible particularly when custodianship or receivership actions have been used by shell brokers to create public shells after years of inactivity. These companies may have multiple corporate actions related to prior changes of control and often have sketchy corporate histories. Some have even been hijacked through custodianship or receivership actions. In these circumstances, documents may be unavailable or if provided to FINRA, it could potentially result in FINRA referring the matter to the SEC’s Division of Enforcement.
These companies are almost always plagued with incomplete or fraudulent corporate records which make it extremely difficult for the post-reverse merger company to comply with FINRA Rule 6490. As a result, these companies may never get FINRA approval of the contemplated corporate action.
Rule 6490 Disclosures
Issuers must provide a cover letter disclosing the full corporate history for the issuer itemizing all material facts including every corporate change that has occurred from inception to present day.
Triggers for Review under FINRA RULE 6490
A FINRA review will be triggered if any of the five factors set forth in Rule 6490 are thought to be present:
• FINRA believes the forms are incomplete, inaccurate or filed without the appropriate corporate authority;
• The issuer is not current in its reporting obligations with the Securities and Exchange Commission;
• Persons involved in or related to the corporate action are the subject of pending or settled regulatory action or are under investigation by a regulatory body or are the subject of a pending criminal action related to fraud or securities law violations;
• Persons related to the corporate action are likely involved in fraudulent activities involving securities or may pose a threat to investors;
• There is significant uncertainty in the settlement and clearance process for the issuer’s securities.
Any company contemplating going public using a reverse merger must consider the potential impact Rule 6490 could have on its future corporate actions. Rule 6490 provides one more compelling reason why private companies seeking to go public should do so using a registration statement instead of a reverse merger.
Okay - the same information coming directly from FINRA. Is this now a FINRA "ad" too, you liar?
https://www.finra.org/rules-guidance/rulebooks/finra-rules/6490
(3) Deficiency Determination
In circumstances where an SEA Rule 10b-17 Action or Other Company-Related Action is deemed deficient, the Department may determine that it is necessary for the protection of investors, the public interest and to maintain fair and orderly markets, that documentation related to such SEA Rule 10b-17 Action or Other Company-Related Action will not be processed. In instances where the Department makes such a deficiency determination, the request to process documentation related to the SEA Rule 10b-17 Action or Other Company-Related Action, as applicable, will be closed, subject to paragraphs (d)(4) and (e) of this Rule. The Department shall make such deficiency determinations solely on the basis of one or more of the following factors: (1) FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority; (2) the issuer is not current in its reporting requirements, if applicable, to the SEC or other regulatory authority; (3) FINRA has actual knowledge that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected to the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations; (4) a state, federal or foreign authority or self-regulatory organization has provided information to FINRA, or FINRA otherwise has actual knowledge indicating that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected with the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action may be potentially involved in fraudulent activities related to the securities markets and/or pose a threat to public investors; and/or (5) there is significant uncertainty in the settlement and clearance process for the security.
Yes it is and you guilty as charged:
Published law firm articles pertaining to dirty shells and FINRA's Rule 6490 is not posting "ads" for law firms.
Why? It's the perfect trigger for Bashtards LOL
How many law firms are paying you to violate I-Hub no ads rules to post their ads here?
Just more Malarky and hogwash.
Time to tell your boses to cover their shorts. If they even can?
Whatever. CNNA is delinquent with the SEC and GEVI is not CNNA.
CNNA has a recent history of being unable to get its Form 10 Registration approved by the SEC.
CNNA is Expert Market garbage that is in violation of FINRA Rule 6490, is currently delinquent with the SEC has a SEC restiction on its corporate actions such as a merger and will never get its Form 10 approved.
More Lies. CNNA is not and was not a shell.
How many law firms are paying you to violate I-Hub no ads rules to post their ads here?
Numbnuts LMAO, talking smack about yourself?
LOL
Yes OTC Markets lied and I have 2 witnesses who were on the interrogation conference call I initiated. They were asked what if, this and that, in nitty gritty deal, for over 30 minutes, and they said CNNA would go from Pink Limited to pink current once current financials were filed. Current financials were filed the last day to get pink current.
They lied. Current financials were filed and public for 57 days, and OTC screwed us and never moved us back to pink current.
OTC Markets owns OTC Link, a broker/Dealer/MM that is a total conflict of Interest and is shorting OTC stocks, the same stocks they have total control over. The current SEC is already planning to force OTC to break it up. The US Congress is already investigating the corrupt, self policing FINRA group that is controlled by the Hedge Funds/BrokerDealers/MM/Shorts, and pressing the SEC to clean up that mess.
Having the wolves police the Wolves and hen houses is not ethical, or honest.
