integral Member Level Wednesday, 10/22/14 09:47:42 AM
Re: monda2frida post# 17026
Post # of 17058
Embr was a shell, and since it has not provided any audit on any business combination, it still is a shell.
The SEC already told Wade or Mezey or whatever his name is, that a horse does not satisfy "shell company" status pursuant to the Securities Act Rule 405.
So changing his name and moving the horse to a different shell will not change things.
So it was a shell, and the 71 day period is not offered to shell companies in a business combination.
Trying to change his name and the name of the shell to circumvent the SEC is not smart. We will just make sure the staff attorney for EMBR talks to the staff attorney for the other shell in which he tried this stunt so they can get on this BS right away.
4 days has come and gone, where is the acquisition/business combination 2.01 on Form 8K?
integral Member Level Wednesday, 10/22/14 09:33:16 AM
Re: monda2frida post# 17024
Post # of 17058
Reverse mergers are to be treated as a business combination, and audited. Since Joseph Wade Mezey, Esq. had an issue with the same horse in 2006, EMBR is still a shell, the SEC already opined on it. This audit in a business combination with a shell corporation does not even provide for a 71 days, it was required to be published on Form 8K with audited financials within 4 days from the transaction.
Also, they need to account for what exemption was used for tax purposes on the stock swap, this has IRC and SEC implications.
This is a huge problem now.
SURFKAST
