Medizone Intl. (fka MZEIQ)

[teq0904]

The Exchange requires a 4 month hold in Canada, and I believe/guess the same for US listed. The hold is to prevent a scam for cheap stock, because a brokerage is not required for a pp (ergo no one is overseeing the pricing/market conditions/company financials etc. because the exchange is just a bunch of bureaucrats who don't have the time to study in depth all of the pp that are issued every day and in fact would be the worst form of government interference if they did, since a pp is designed to raise money from high net worth individuals QUICKLY) so the exchange wants the hold to last through at least one reporting session.
Hold period terms have nothing to do with BOD - they could care less as long as they can find someone to provide needed cash it is a good thing in their minds. I have done lots in Cda and you have to be high net worth to qualify in order to prevent the inexperienced from getting sucked in to an unsupervised scam.